Liberty Global Ltd. (NASDAQ:LBTYA) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Liberty Global Ltd. (NASDAQ:LBTYA) by 10.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm 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.

Several other institutional investors also recently bought and sold shares of LBTYA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Liberty Global by 2,799.0% during the third 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 grew its position in shares of 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 acquiring an additional 2,236,696 shares in the last quarter. Rubric Capital Management LP raised its holdings in shares of Liberty Global by 43.7% during the second quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock worth $96,320,000 after purchasing an additional 1,680,756 shares during the period. State Street Corp grew its holdings in shares of Liberty Global by 36.8% during 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 last quarter. Finally, ING Groep NV bought a new stake in Liberty Global in the third quarter valued at $12,953,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Benchmark reissued a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a research report on Tuesday, October 29th. Finally, Barclays cut 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, November 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.94.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $12.94 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $4.63 billion, a PE ratio of -1.27 and a beta of 1.25. The firm has a fifty day moving average price of $14.58 and a two-hundred day moving average price of $17.76. Liberty Global Ltd. has a fifty-two week low of $10.93 and a fifty-two week high of $21.56.

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.