Liberty Global Ltd. (NASDAQ:LBTYA) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 470,132 shares of the company’s stock after purchasing an additional 1,615 shares during the quarter. Bank of New York Mellon Corp owned about 0.13% of Liberty Global worth $5,999,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LBTYA. Y Intercept Hong Kong Ltd acquired a new position in Liberty Global during the 4th quarter worth $283,000. VisionPoint Advisory Group LLC purchased a new position in shares of Liberty Global in the 4th quarter valued at about $123,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Liberty Global during the fourth quarter worth about $536,000. Handelsbanken Fonder AB acquired a new stake in Liberty Global in the fourth quarter valued at approximately $812,000. Finally, Private Advisor Group LLC lifted its stake in Liberty Global by 62.3% in the fourth quarter. Private Advisor Group LLC now owns 18,040 shares of the company’s stock worth $230,000 after acquiring an additional 6,927 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Price Performance

LBTYA stock opened at $11.51 on Monday. The business has a 50 day simple moving average of $11.57 and a 200-day simple moving average of $15.33. The company has a market capitalization of $4.01 billion, a P/E ratio of 2.75 and a beta of 1.27. Liberty Global Ltd. has a twelve month low of $10.55 and a twelve month high of $21.56. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion. As a group, equities analysts anticipate that Liberty Global Ltd. will post -1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LBTYA shares. Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. Bank of America cut Liberty Global from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Barclays dropped their price objective on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered their price target on Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $13.00 in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.75.

Insider Activity at Liberty Global

In other news, major shareholder Nicholas V. Tompras sold 57,000 shares of Liberty Global stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.94, for a total value of $737,580.00. Following the sale, the insider now owns 16,153 shares of the company’s stock, valued at $209,019.82. The trade was a 77.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.51% of the stock is currently owned by insiders.

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.