Anchor Investment Management LLC Cuts Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Anchor Investment Management LLC cut its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 50.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,950 shares of the company’s stock after selling 4,000 shares during the period. Anchor Investment Management LLC’s holdings in Liberty Global were worth $69,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LBTYA. Hsbc Holdings PLC raised its holdings in shares of Liberty Global by 168.4% in the 4th quarter. Hsbc Holdings PLC now owns 97,621 shares of the company’s stock valued at $1,726,000 after purchasing an additional 61,244 shares in the last quarter. Wittenberg Investment Management Inc. raised its stake in Liberty Global by 4.0% in the fourth quarter. Wittenberg Investment Management Inc. now owns 305,798 shares of the company’s stock valued at $5,434,000 after buying an additional 11,900 shares in the last quarter. Rubric Capital Management LP purchased a new stake in Liberty Global during the 4th quarter worth about $52,943,000. Pale Fire Capital SE acquired a new position in shares of Liberty Global during the 4th quarter worth about $1,087,000. Finally, Nebula Research & Development LLC increased its holdings in shares of Liberty Global by 296.6% in the 4th quarter. Nebula Research & Development LLC now owns 58,801 shares of the company’s stock valued at $1,045,000 after acquiring an additional 43,976 shares during the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $20.97 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. The stock has a 50 day simple moving average of $19.75 and a 200-day simple moving average of $18.11. The company has a market cap of $7.82 billion, a price-to-earnings ratio of -3.24 and a beta of 1.17. Liberty Global Ltd. has a 12-month low of $15.01 and a 12-month high of $21.56.

Liberty Global (NASDAQ:LBTYA) last announced 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 firm had revenue of $1.87 billion for the quarter. On average, equities analysts forecast that Liberty Global Ltd. will post -0.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LBTYA shares. Deutsche Bank Aktiengesellschaft upped their price target on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 12th. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their target price for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a research note on Thursday, July 25th. Finally, Citigroup assumed coverage on Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average 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.