Liberty Global (NASDAQ:LBTYA) Downgraded to Market Perform Rating by Sanford C. Bernstein

Sanford C. Bernstein lowered shares of Liberty Global (NASDAQ:LBTYA) from an outperform rating to a market perform rating in a report issued on Thursday morning, Marketbeat.com reports. Sanford C. Bernstein currently has $12.40 target price on the stock, down from their previous target price of $24.70.

Several other equities research analysts also recently issued reports on LBTYA. UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $13.00 in a report on Monday, November 18th. Barclays reduced their target price on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 25th. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $13.10 to $12.60 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, Benchmark reiterated a “buy” rating and set a $27.00 target price on shares of Liberty Global in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Liberty Global has an average rating of “Hold” and an average price target of $18.13.

Liberty Global Trading Up 2.1 %

Liberty Global stock opened at $11.88 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50-day simple moving average of $12.74 and a 200 day simple moving average of $17.29. The stock has a market capitalization of $4.25 billion, a P/E ratio of -1.17 and a beta of 1.25. Liberty Global has a 52 week low of $10.93 and a 52 week high of $21.56.

Insider Buying and Selling at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Global by 212.5% in the second 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 during the last quarter. Amalgamated Bank acquired a new position in Liberty Global during the 2nd quarter worth approximately $480,000. EverSource Wealth Advisors LLC lifted its stake in Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after purchasing an additional 601 shares during the last quarter. Marshall Wace LLP acquired a new stake in Liberty Global in the second quarter valued at approximately $2,317,000. Finally, Lighthouse Investment Partners LLC grew its stake in shares of Liberty Global by 33.3% during the second quarter. Lighthouse Investment Partners LLC now owns 192,024 shares of the company’s stock worth $3,347,000 after buying an additional 47,956 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

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.