Principal Financial Group Inc. Trims Stake in Liberty Global Ltd. (NASDAQ:LBTYA)

Principal Financial Group Inc. lowered its position in Liberty Global Ltd. (NASDAQ:LBTYA) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,004 shares of the company’s stock after selling 1,332 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Global were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Fullcircle Wealth LLC lifted its position in shares of Liberty Global by 20.5% during the third quarter. Fullcircle Wealth LLC now owns 31,987 shares of the company’s stock worth $669,000 after purchasing an additional 5,443 shares during the last quarter. Tevis Investment Management increased its stake in Liberty Global by 9.7% in the 3rd quarter. Tevis Investment Management now owns 29,805 shares of the company’s stock worth $629,000 after buying an additional 2,635 shares during the period. Autumn Glory Partners LLC lifted its holdings in Liberty Global by 100.0% during the 3rd quarter. Autumn Glory Partners LLC now owns 25,100 shares of the company’s stock valued at $530,000 after buying an additional 12,550 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Liberty Global by 62.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,807 shares of the company’s stock valued at $227,000 after buying an additional 4,142 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Liberty Global by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,188 shares of the company’s stock worth $595,000 after acquiring an additional 606 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Price Performance

Shares of LBTYA stock opened at $13.54 on Tuesday. The company has a market cap of $4.84 billion, a P/E ratio of -1.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s 50-day moving average is $19.27 and its 200 day moving average is $18.61. Liberty Global Ltd. has a 1-year low of $10.93 and a 1-year high of $21.56.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LBTYA. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $15.50 to $21.30 in a report on Monday, August 12th. Citigroup assumed coverage on Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 target price for the company. UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $13.00 in a research note on Monday, November 18th. 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 note on Monday. Finally, Benchmark reissued a “buy” rating and set a $27.00 target price on shares of Liberty Global in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.76.

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.