Liberty Global (NASDAQ:LBTYA) Sets New 1-Year High at $20.63

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.63 and last traded at $20.51, with a volume of 64506 shares changing hands. The stock had previously closed at $20.37.

Analysts Set New Price Targets

LBTYA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Benchmark restated a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a report on Thursday, July 25th. Citigroup began coverage on shares of Liberty Global in a report on Friday, August 9th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.26.

Liberty Global Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of -3.15 and a beta of 1.16. The company has a 50 day moving average price of $19.18 and a two-hundred day moving average price of $17.77.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.71 EPS for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The firm had revenue of $1.87 billion during the quarter. On average, research analysts forecast that Liberty Global Ltd. will post -0.61 EPS for the current year.

Hedge Funds Weigh In On Liberty Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership lifted its stake in Liberty Global by 0.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 14,141,397 shares of the company’s stock valued at $251,293,000 after buying an additional 80,267 shares during the last quarter. Rubric Capital Management LP lifted its stake in Liberty Global by 43.7% in the second quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock valued at $96,320,000 after buying an additional 1,680,756 shares during the last quarter. Norges Bank purchased a new stake in shares of Liberty Global during the fourth quarter worth approximately $73,550,000. Thompson Siegel & Walmsley LLC raised its stake in shares of Liberty Global by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,658,338 shares of the company’s stock worth $63,765,000 after purchasing an additional 82,560 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Liberty Global by 4.0% during the first quarter. Vanguard Group Inc. now owns 3,446,543 shares of the company’s stock worth $58,316,000 after purchasing an additional 131,077 shares during the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

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.