Liberty Global Ltd. (NASDAQ:LBTYA) Position Lifted by Rubric Capital Management LP

Rubric Capital Management LP increased its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 43.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,526,107 shares of the company’s stock after purchasing an additional 1,680,756 shares during the quarter. Liberty Global accounts for approximately 2.5% of Rubric Capital Management LP’s portfolio, making the stock its 10th biggest position. Rubric Capital Management LP owned about 1.48% of Liberty Global worth $96,320,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in Liberty Global in the 2nd quarter valued at about $75,000. Central Pacific Bank Trust Division acquired a new position in shares of Liberty Global during the first quarter worth about $91,000. Whittier Trust Co. grew its position in shares of Liberty Global by 21,707.3% during the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock worth $156,000 after buying an additional 8,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Liberty Global by 4,512.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock worth $156,000 after buying an additional 8,754 shares in the last quarter. Finally, Welch Group LLC acquired a new position in shares of Liberty Global during the second quarter worth about $174,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $20.63 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. Liberty Global Ltd. has a twelve month low of $15.01 and a twelve month high of $20.89. The stock has a 50 day moving average of $19.31 and a two-hundred day moving average of $17.83. The stock has a market cap of $7.69 billion, a P/E ratio of -3.19 and a beta of 1.16.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LBTYA. Deutsche Bank Aktiengesellschaft boosted their price objective on Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Benchmark reissued a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a research report on Thursday, July 25th. Citigroup initiated coverage on Liberty Global in a research note on Friday, August 9th. They set a “buy” rating and a $25.00 target price for the company. Finally, Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $15.50 to $21.30 in a research note 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.26.

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.