Principal Financial Group Inc. purchased a new stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,336 shares of the company’s stock, valued at approximately $215,000.
A number of other hedge funds have also added to or reduced their stakes in LBTYA. Norges Bank acquired a new position in Liberty Global during the 4th quarter valued at about $73,550,000. Rubric Capital Management LP purchased a new position in Liberty Global in the fourth quarter valued at approximately $52,943,000. ACR Alpine Capital Research LLC grew its holdings in Liberty Global by 375.4% during the first quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company’s stock valued at $46,432,000 after purchasing an additional 2,166,932 shares during the period. First Wilshire Securities Management Inc. grew its holdings in Liberty Global by 109.4% during the fourth quarter. First Wilshire Securities Management Inc. now owns 1,789,493 shares of the company’s stock valued at $31,799,000 after purchasing an additional 934,887 shares during the period. Finally, Oaktree Capital Management LP grew its holdings in Liberty Global by 40.3% during the fourth quarter. Oaktree Capital Management LP now owns 2,731,000 shares of the company’s stock valued at $48,530,000 after purchasing an additional 785,000 shares during the period. Institutional investors and hedge funds own 37.20% of the company’s stock.
Liberty Global Stock Up 1.8 %
Shares of NASDAQ:LBTYA opened at $20.04 on Monday. The stock’s 50-day moving average price is $19.08 and its 200-day moving average price is $17.73. Liberty Global Ltd. has a 12-month low of $15.01 and a 12-month high of $20.60. The stock has a market capitalization of $7.32 billion, a P/E ratio of -3.10 and a beta of 1.16. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on LBTYA shares. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $15.50 to $21.30 in a research report 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. Deutsche Bank Aktiengesellschaft raised their price target on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Benchmark restated a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Liberty Global has an average rating of “Moderate Buy” and a consensus price target of $24.26.
Get Our Latest Report on LBTYA
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.
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