Liberty Global Ltd. (NASDAQ:LBTYA) Short Interest Up 16.3% in December

Liberty Global Ltd. (NASDAQ:LBTYA) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,220,000 shares, a growth of 16.3% from the December 15th total of 4,490,000 shares. Based on an average trading volume of 2,360,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 3.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LBTYA shares. Benchmark reaffirmed a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Barclays cut their price objective on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. Finally, UBS Group lowered shares of Liberty Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $13.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.94.

Liberty Global Stock Performance

LBTYA stock opened at $11.69 on Friday. The stock’s 50 day simple moving average is $13.11 and its 200 day simple moving average is $17.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global has a 12-month low of $10.93 and a 12-month high of $21.56. The stock has a market capitalization of $4.18 billion, a PE ratio of -1.15 and a beta of 1.25.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Global

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in Liberty Global by 63.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after purchasing an additional 601 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Liberty Global by 110.3% during the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after buying an additional 975 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Liberty Global by 62.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,807 shares of the company’s stock worth $227,000 after buying an additional 4,142 shares during the last quarter. Clifford Capital Partners LLC bought a new stake in shares of Liberty Global in the third quarter worth $227,000. Finally, Private Advisor Group LLC increased its position in Liberty Global by 8.1% during the third quarter. Private Advisor Group LLC now owns 11,113 shares of the company’s stock valued at $235,000 after acquiring an additional 835 shares during the last quarter. 37.20% of the stock is owned by hedge funds and other 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.