Copley Financial Group Inc. Makes New Investment in Liberty Global Ltd $LBTYA

Copley Financial Group Inc. acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,870 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jump Financial LLC bought a new stake in shares of Liberty Global in the 1st quarter worth about $3,586,000. Wellington Management Group LLP purchased a new position in Liberty Global in the first quarter worth about $737,000. Contour Asset Management LLC increased its stake in Liberty Global by 64.4% during the first quarter. Contour Asset Management LLC now owns 3,314,529 shares of the company’s stock worth $38,150,000 after acquiring an additional 1,298,047 shares during the last quarter. Townsquare Capital LLC purchased a new stake in Liberty Global during the first quarter valued at approximately $763,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Liberty Global in the 1st quarter valued at approximately $652,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

LBTYA stock opened at $11.30 on Thursday. Liberty Global Ltd has a twelve month low of $9.02 and a twelve month high of $14.30. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of -1.16 and a beta of 1.12. The business’s fifty day simple moving average is $11.11 and its two-hundred day simple moving average is $10.68. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.72). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. Analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating and set a $21.00 price objective (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. UBS Group increased their target price on shares of Liberty Global from $10.60 to $11.80 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Liberty Global to a “hold” rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.26.

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.