Swiss National Bank Lowers Stake in Liberty Global Ltd. (NASDAQ:LBTYA)

Swiss National Bank cut its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 319,200 shares of the company’s stock after selling 2,500 shares during the period. Swiss National Bank’s holdings in Liberty Global were worth $6,738,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. ING Groep NV bought a new stake in Liberty Global during the 3rd quarter valued at $12,953,000. Scientech Research LLC bought a new stake in shares of Liberty Global in the second quarter valued at about $1,390,000. Amalgamated Bank bought a new stake in shares of Liberty Global in the second quarter valued at about $480,000. Algert Global LLC purchased a new stake in Liberty Global in the second quarter worth about $624,000. Finally, First Foundation Advisors bought a new position in Liberty Global during the 2nd quarter worth about $763,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LBTYA. Citigroup started coverage on shares of Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 price target for the company. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $15.50 to $21.30 in a research note on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $27.00 target price on shares of Liberty Global in a research report on Tuesday, October 29th. UBS Group downgraded 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 report on Monday, November 18th. Finally, Barclays decreased their price objective on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.76.

Liberty Global Stock Up 1.6 %

Liberty Global stock opened at $13.76 on Wednesday. Liberty Global Ltd. has a 1-year low of $10.93 and a 1-year high of $21.56. The business has a fifty day moving average price of $19.14 and a 200-day moving average price of $18.59. 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 has a market capitalization of $4.92 billion, a price-to-earnings ratio of -1.36 and a beta of 1.18.

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.