Chou Associates Management Inc. Cuts Stake in Liberty Global Ltd. (NASDAQ:LBTYA)

Chou Associates Management Inc. lowered its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 90.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,000 shares of the company’s stock after selling 109,823 shares during the quarter. Liberty Global accounts for about 0.1% of Chou Associates Management Inc.’s investment portfolio, making the stock its 27th largest holding. Chou Associates Management Inc.’s holdings in Liberty Global were worth $153,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in LBTYA. ACR Alpine Capital Research LLC boosted its stake in shares of Liberty Global by 333.3% during the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock valued at $221,730,000 after purchasing an additional 13,366,743 shares during the period. Vanguard Group Inc. raised its holdings in Liberty Global by 55.3% during the 4th quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company’s stock valued at $66,865,000 after buying an additional 1,866,197 shares during the last quarter. Norges Bank purchased a new stake in Liberty Global during the 4th quarter valued at $48,381,000. Franklin Resources Inc. grew its holdings in Liberty Global by 65.4% in the 4th quarter. Franklin Resources Inc. now owns 2,659,730 shares of the company’s stock worth $33,938,000 after acquiring an additional 1,051,458 shares during the last quarter. Finally, State Street Corp increased its position in shares of Liberty Global by 36.8% in the third quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after acquiring an additional 705,780 shares during the period. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Price Performance

LBTYA stock opened at $10.30 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. Liberty Global Ltd. has a 1 year low of $10.22 and a 1 year high of $21.56. The firm has a 50-day moving average of $11.43 and a 200 day moving average of $14.50. The company has a market cap of $3.59 billion, a P/E ratio of 2.46 and a beta of 1.27.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $7.25. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. On average, sell-side analysts forecast that Liberty Global Ltd. will post -1.35 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LBTYA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Sanford C. Bernstein cut Liberty Global from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.43.

Liberty Global Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.