Liberty Global (NASDAQ:LBTYA) Cut to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein downgraded shares of Liberty Global (NASDAQ:LBTYA) from an outperform rating to a market perform rating in a research report sent to investors on Thursday, MarketBeat Ratings reports. Sanford C. Bernstein currently has $12.40 price target on the stock, down from their prior price target of $24.70.

LBTYA has been the topic of a number of other reports. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $13.10 to $12.60 in a report on Friday, December 6th. Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Barclays dropped their price objective 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, November 25th. Finally, UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $13.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Liberty Global has a consensus rating of “Hold” and an average price target of $18.13.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA opened at $11.88 on Thursday. The business’s 50-day moving average is $12.72 and its 200 day moving average is $17.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global has a 1 year low of $10.93 and a 1 year high of $21.56. The firm has a market capitalization of $4.25 billion, a P/E ratio of -1.17 and a beta of 1.25.

Insiders Place Their Bets

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Liberty Global by 2,799.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after acquiring an additional 4,485,823 shares during the period. Dimensional Fund Advisors LP increased 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 valued at $57,336,000 after purchasing an additional 2,236,696 shares during the last quarter. State Street Corp raised its position in Liberty Global by 36.8% in the third quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after purchasing an additional 705,780 shares during the period. ING Groep NV acquired a new position in Liberty Global during the third quarter worth $12,953,000. Finally, Mirabella Financial Services LLP boosted its position in shares of Liberty Global by 16.6% during the third quarter. Mirabella Financial Services LLP now owns 2,113,665 shares of the company’s stock worth $44,619,000 after buying an additional 300,305 shares during the period. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

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.