SG Americas Securities LLC Sells 11,519 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

SG Americas Securities LLC decreased its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 56.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,995 shares of the company’s stock after selling 11,519 shares during the quarter. SG Americas Securities LLC’s holdings in Liberty Global were worth $190,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tevis Investment Management purchased a new stake in shares of Liberty Global in the 1st quarter worth approximately $180,000. BKM Wealth Management LLC raised its stake in Liberty Global by 18.8% in the first quarter. BKM Wealth Management LLC now owns 27,352 shares of the company’s stock worth $463,000 after buying an additional 4,326 shares in the last quarter. Privium Fund Management B.V. purchased a new stake in Liberty Global during the first quarter worth $1,479,000. BNP Paribas Financial Markets bought a new stake in Liberty Global during the 1st quarter valued at $311,000. Finally, Central Pacific Bank Trust Division bought a new stake in Liberty Global during the 1st quarter valued at $91,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $20.78 on Thursday. The stock has a market cap of $7.75 billion, a PE ratio of -3.21 and a beta of 1.17. Liberty Global Ltd. has a 52-week low of $15.01 and a 52-week high of $21.56. The business has a 50-day simple moving average of $20.20 and a 200-day simple moving average of $18.48. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LBTYA. Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Thursday, July 25th. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and raised their target price for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Citigroup started coverage on Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.