Brokerages Set Liberty Global Ltd. (NASDAQ:LBTYA) PT at $17.75

Liberty Global Ltd. (NASDAQ:LBTYA) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.43.

Several equities analysts have recently commented on the stock. Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. 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 research report on Wednesday, January 29th. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Finally, Barclays lowered their price objective on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 25th.

Liberty Global Price Performance

Shares of NASDAQ:LBTYA opened at $11.89 on Friday. The firm has a 50 day moving average of $11.52 and a 200-day moving average of $15.20. The stock has a market capitalization of $4.15 billion, a PE ratio of 2.84 and a beta of 1.27. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. Liberty Global has a 12 month low of $10.55 and a 12 month high of $21.56.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, beating the consensus estimate of ($0.92) by $7.25. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. On average, equities research analysts predict that Liberty Global will post -1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Nicholas V. Tompras sold 57,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $12.94, for a total value of $737,580.00. Following the sale, the insider now directly owns 16,153 shares of the company’s stock, valued at approximately $209,019.82. This represents a 77.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.51% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently modified their holdings of the company. ACR Alpine Capital Research LLC boosted its stake in 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 worth $221,730,000 after acquiring an additional 13,366,743 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Liberty Global by 2,799.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock worth $98,079,000 after acquiring an additional 4,485,823 shares in the last quarter. Norges Bank bought a new position in Liberty Global during the fourth quarter worth $48,381,000. Wolf Hill Capital Management LP bought a new position in Liberty Global during the fourth quarter worth $27,413,000. Finally, Contour Asset Management LLC bought a new position in Liberty Global during the fourth quarter worth $25,730,000. 37.20% of the stock is owned by institutional investors.

About Liberty Global

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.