Liberty Global Ltd. (NASDAQ:LBTYA) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,344,795 shares of the company’s stock after selling 30,000 shares during the quarter. Gabelli Funds LLC’s holdings in Liberty Global were worth $17,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in Liberty Global in the 3rd quarter valued at about $445,000. Stifel Financial Corp lifted its stake in Liberty Global by 8.2% in the third quarter. Stifel Financial Corp now owns 12,717 shares of the company’s stock worth $268,000 after acquiring an additional 968 shares during the last quarter. State Street Corp grew its holdings in Liberty Global by 36.8% during the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock worth $55,399,000 after acquiring an additional 705,780 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Liberty Global in the 3rd quarter valued at approximately $1,272,000. Finally, Barclays PLC raised its holdings in shares of Liberty Global by 153.2% in the 3rd quarter. Barclays PLC now owns 496,045 shares of the company’s stock valued at $10,471,000 after purchasing an additional 300,126 shares in the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $10.66 on Wednesday. The stock’s 50-day moving average is $11.23 and its two-hundred day moving average is $13.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. Liberty Global Ltd. has a 1 year low of $9.84 and a 1 year high of $21.56. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 2.54 and a beta of 1.25.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LBTYA. Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $24.70 to $12.40 in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft cut their target price on Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.