Balefire LLC Boosts Stake in Liberty Global Ltd (NASDAQ:LBTYA)

Balefire LLC boosted its position in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 601.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 65,807 shares of the company’s stock after acquiring an additional 56,428 shares during the period. Balefire LLC’s holdings in Liberty Global were worth $757,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LBTYA. ACR Alpine Capital Research LLC grew its stake in shares of Liberty Global by 333.3% in the 4th quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock worth $221,730,000 after buying an additional 13,366,743 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Liberty Global by 22.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company’s stock worth $77,482,000 after acquiring an additional 1,117,935 shares in the last quarter. Vanguard Group Inc. grew its position in Liberty Global by 55.3% in the fourth quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company’s stock worth $66,865,000 after acquiring an additional 1,866,197 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Liberty Global by 4.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company’s stock worth $61,814,000 after acquiring an additional 198,269 shares during the last quarter. Finally, Norges Bank purchased a new stake in Liberty Global during the fourth quarter valued at approximately $48,381,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Trading Down 2.1%

Shares of NASDAQ LBTYA opened at $9.77 on Thursday. Liberty Global Ltd has a fifty-two week low of $9.03 and a fifty-two week high of $21.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $3.38 billion, a price-to-earnings ratio of -10.07 and a beta of 1.14. The business’s 50 day moving average price is $9.91 and its 200-day moving average price is $11.06.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($3.01). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. On average, sell-side analysts expect that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on LBTYA. UBS Group lowered their price objective on Liberty Global from $13.00 to $10.60 and set a “neutral” rating for the company in a research note on Monday, May 12th. Barclays set a $11.00 price objective on shares of Liberty Global and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Finally, Citigroup reduced their target price on shares of Liberty Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.94.

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.