Principal Financial Group Inc. Reduces Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Principal Financial Group Inc. trimmed its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 10.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,004 shares of the company’s stock after selling 1,332 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Global were worth $232,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rubric Capital Management LP lifted its holdings in Liberty Global by 43.7% during the second quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock valued at $96,320,000 after purchasing an additional 1,680,756 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Liberty Global by 2.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,658,338 shares of the company’s stock valued at $63,765,000 after purchasing an additional 82,560 shares during the period. Vanguard Group Inc. lifted its stake in shares of Liberty Global by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 3,446,543 shares of the company’s stock valued at $58,316,000 after buying an additional 131,077 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Liberty Global by 212.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock worth $57,336,000 after buying an additional 2,236,696 shares during the period. Finally, ACR Alpine Capital Research LLC increased its stake in Liberty Global by 11.5% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company’s stock worth $53,317,000 after buying an additional 314,726 shares in the last quarter. 37.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LBTYA has been the subject of a number of recent analyst reports. UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. 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 research report on Monday, August 12th. Citigroup started coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 target price for the company. Barclays reduced their price target on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Benchmark reissued a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.76.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA opened at $13.54 on Tuesday. The firm has a fifty day simple moving average of $19.27 and a two-hundred day simple moving average of $18.61. Liberty Global Ltd. has a 52 week low of $10.93 and a 52 week high of $21.56. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $4.84 billion, a P/E ratio of -1.33 and a beta of 1.18.

Liberty Global Company 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.