Liberty Global Ltd. (NASDAQ:LBTYA) Shares Sold by Wittenberg Investment Management Inc.

Wittenberg Investment Management Inc. trimmed its holdings in Liberty Global Ltd. (NASDAQ:LBTYA) by 76.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 86,100 shares of the company’s stock after selling 284,406 shares during the period. Wittenberg Investment Management Inc.’s holdings in Liberty Global were worth $1,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Liberty Global by 58.1% in the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $38,000 after acquiring an additional 1,081 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Liberty Global in the 4th quarter valued at $59,000. New Age Alpha Advisors LLC purchased a new stake in shares of Liberty Global during the 4th quarter valued at $73,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Liberty Global during the 4th quarter valued at $123,000. Finally, Yousif Capital Management LLC purchased a new position in shares of Liberty Global in the 4th quarter worth $128,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Down 4.3 %

NASDAQ LBTYA opened at $11.02 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. Liberty Global Ltd. has a fifty-two week low of $10.55 and a fifty-two week high of $21.56. The business has a 50 day moving average price of $11.47 and a two-hundred day moving average price of $14.61. The stock has a market cap of $3.84 billion, a PE ratio of 2.63 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on LBTYA. Deutsche Bank Aktiengesellschaft dropped their price target on Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. Finally, Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $13.10 to $12.60 in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Global has an average 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.