Clearline Capital LP Has $12.03 Million Stock Holdings in Liberty Global Ltd $LBTYA

Clearline Capital LP grew its holdings in Liberty Global Ltd (NASDAQ:LBTYA) by 501.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,080,073 shares of the company’s stock after acquiring an additional 900,419 shares during the period. Clearline Capital LP’s holdings in Liberty Global were worth $12,032,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Copley Financial Group Inc. raised its stake in shares of Liberty Global by 7.8% in the 3rd quarter. Copley Financial Group Inc. now owns 12,801 shares of the company’s stock valued at $147,000 after buying an additional 931 shares in the last quarter. MAI Capital Management raised its stake in shares of Liberty Global by 27.5% in the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company’s stock valued at $52,000 after buying an additional 983 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of Liberty Global by 9.0% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 12,743 shares of the company’s stock valued at $139,000 after buying an additional 1,050 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Liberty Global by 79.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock valued at $28,000 after buying an additional 1,238 shares in the last quarter. Finally, Caerus Investment Advisors LLC raised its stake in shares of Liberty Global by 12.7% in the 4th quarter. Caerus Investment Advisors LLC now owns 11,930 shares of the company’s stock valued at $133,000 after buying an additional 1,348 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Stock Down 5.1%

LBTYA opened at $11.41 on Thursday. The firm’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $11.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11. Liberty Global Ltd has a twelve month low of $9.62 and a twelve month high of $13.52. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of -0.71 and a beta of 0.92.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Equities research analysts anticipate that Liberty Global Ltd will post -1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LBTYA shares. UBS Group increased their price objective on shares of Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a research note on Tuesday, March 31st. Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Pivotal Research reaffirmed a “buy” rating and issued a $18.00 target price on shares of Liberty Global in a report on Monday, May 4th. Finally, Zacks Research raised shares of Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.15.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.