Liberty Global Ltd. (NASDAQ:LBTYA) Stock Holdings Decreased by Wallace Capital Management Inc.

Wallace Capital Management Inc. cut its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,327,467 shares of the company’s stock after selling 9,291 shares during the quarter. Liberty Global makes up about 2.3% of Wallace Capital Management Inc.’s investment portfolio, making the stock its 8th biggest position. Wallace Capital Management Inc.’s holdings in Liberty Global were worth $16,938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Liberty Global by 153.2% in the 3rd quarter. Barclays PLC now owns 496,045 shares of the company’s stock valued at $10,471,000 after purchasing an additional 300,126 shares in the last quarter. Northern Trust Corp increased its holdings in Liberty Global by 22.8% in the fourth quarter. Northern Trust Corp now owns 1,030,866 shares of the company’s stock valued at $13,154,000 after buying an additional 191,179 shares during the last quarter. ACR Alpine Capital Research LLC raised its stake in Liberty Global by 333.3% in the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock valued at $221,730,000 after buying an additional 13,366,743 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Liberty Global during the 4th quarter worth about $284,000. Finally, Private Advisor Group LLC boosted its position in shares of Liberty Global by 62.3% during the 4th 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 in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $9.76 on Tuesday. The stock has a market cap of $3.37 billion, a P/E ratio of 2.33 and a beta of 1.23. Liberty Global Ltd. has a twelve month low of $9.03 and a twelve month high of $21.56. The stock has a 50 day moving average of $10.65 and a two-hundred day moving average of $12.05. 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 released its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing the consensus estimate of ($0.83) by ($3.01). The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. On average, research analysts forecast that Liberty Global Ltd. will post -1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein lowered Liberty Global from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Barclays set a $11.00 price objective on shares of Liberty Global and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Finally, UBS Group dropped their target price on shares of Liberty Global from $13.00 to $10.60 and set a “neutral” rating on the stock in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.94.

Liberty Global Company 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.