Contour Asset Management LLC Boosts Stock Holdings in Liberty Global Ltd $LBTYA

Contour Asset Management LLC boosted its position in Liberty Global Ltd (NASDAQ:LBTYA) by 19.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,183,133 shares of the company’s stock after purchasing an additional 857,244 shares during the period. Liberty Global comprises approximately 1.3% of Contour Asset Management LLC’s portfolio, making the stock its 23rd biggest holding. Contour Asset Management LLC’s holdings in Liberty Global were worth $57,740,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ACR Alpine Capital Research LLC raised its holdings in Liberty Global by 1.5% during the 4th quarter. ACR Alpine Capital Research LLC now owns 21,546,970 shares of the company’s stock valued at $240,033,000 after acquiring an additional 309,230 shares during the period. AQR Capital Management LLC raised its holdings in Liberty Global by 75.0% during the 4th quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock valued at $149,543,000 after acquiring an additional 5,751,520 shares during the period. Rubric Capital Management LP raised its holdings in Liberty Global by 29.3% during the 4th quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock valued at $111,605,000 after acquiring an additional 2,268,065 shares during the period. Oaktree Capital Management LP raised its holdings in Liberty Global by 4.1% during the 3rd quarter. Oaktree Capital Management LP now owns 8,551,191 shares of the company’s stock valued at $97,997,000 after acquiring an additional 339,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Liberty Global by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,310,517 shares of the company’s stock valued at $92,581,000 after acquiring an additional 200,348 shares during the period. Institutional investors own 37.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LBTYA shares. Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Pivotal Research reissued a “buy” rating and set a $18.00 target price on shares of Liberty Global in a report on Monday, May 4th. UBS Group boosted their target price on shares of Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a report on Tuesday, March 31st. 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 research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.15.

Liberty Global Trading Down 5.1%

Liberty Global stock opened at $11.41 on Thursday. The stock has a market cap of $3.86 billion, a P/E ratio of -0.71 and a beta of 0.92. Liberty Global Ltd has a fifty-two week low of $9.62 and a fifty-two week high of $13.52. The firm’s fifty day moving average price is $12.05 and its 200-day moving average price 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 (NASDAQ:LBTYA) last released its quarterly 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. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. Equities research analysts forecast that Liberty Global Ltd will post -1.38 earnings per share for the current fiscal year.

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.