Rhumbline Advisers Grows Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Rhumbline Advisers increased its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 2,174.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 144,156 shares of the company’s stock after purchasing an additional 137,817 shares during the period. Rhumbline Advisers’ holdings in Liberty Global were worth $2,513,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LBTYA. Norges Bank purchased a new position in shares of Liberty Global during the 4th quarter worth about $73,550,000. Rubric Capital Management LP bought a new stake in Liberty Global during the 4th quarter valued at about $52,943,000. ACR Alpine Capital Research LLC lifted its holdings in Liberty Global by 375.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company’s stock valued at $46,432,000 after buying an additional 2,166,932 shares in the last quarter. First Wilshire Securities Management Inc. lifted its holdings in Liberty Global by 109.4% during the 4th quarter. First Wilshire Securities Management Inc. now owns 1,789,493 shares of the company’s stock valued at $31,799,000 after buying an additional 934,887 shares in the last quarter. Finally, Oaktree Capital Management LP lifted its holdings in Liberty Global by 40.3% during the 4th quarter. Oaktree Capital Management LP now owns 2,731,000 shares of the company’s stock valued at $48,530,000 after buying an additional 785,000 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Trading Up 0.5 %

NASDAQ:LBTYA opened at $20.48 on Thursday. Liberty Global Ltd. has a one year low of $15.01 and a one year high of $20.89. 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 cap of $7.63 billion, a P/E ratio of -3.17 and a beta of 1.16. The firm has a 50-day simple moving average of $19.22 and a 200-day simple moving average of $17.79.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LBTYA. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 12th. Benchmark reiterated 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 lifted their price objective for the company from $15.50 to $21.30 in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Liberty Global has an average rating of “Moderate Buy” and a consensus target price of $24.26.

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.