Public Employees Retirement System of Ohio Invests $547,000 in Liberty Global Ltd $LBTYA

Public Employees Retirement System of Ohio acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 48,086 shares of the company’s stock, valued at approximately $547,000.

A number of other institutional investors have also recently bought and sold shares of the company. ACR Alpine Capital Research LLC grew its stake in Liberty Global by 9.7% in the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock valued at $285,866,000 after purchasing an additional 2,097,847 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Liberty Global by 75.0% during the 4th quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock worth $149,543,000 after purchasing an additional 5,751,520 shares in the last quarter. Rubric Capital Management LP lifted its holdings in shares of Liberty Global by 17.3% during the 1st quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock valued at $142,092,000 after buying an additional 1,734,423 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Global by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after buying an additional 521,750 shares during the last quarter. Finally, Contour Asset Management LLC increased its holdings in Liberty Global by 19.8% in the fourth quarter. Contour Asset Management LLC now owns 5,183,133 shares of the company’s stock worth $57,740,000 after buying an additional 857,244 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Insider Buying and Selling

In other news, Director J Wargo sold 55,000 shares of Liberty Global stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the transaction, the director owned 53,876 shares of the company’s stock, valued at $621,729.04. This trade represents a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.34% of the stock is currently owned by company insiders.

Liberty Global Stock Performance

Shares of NASDAQ LBTYA opened at $10.62 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -1.18 and a beta of 0.93. The business’s 50-day simple moving average is $10.57 and its 200-day simple moving average is $11.53. Liberty Global Ltd has a 52 week low of $9.43 and a 52 week high of $13.52.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities research analysts expect that Liberty Global Ltd will post -1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on LBTYA. Barclays reduced their target price on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 18th. UBS Group dropped their price target on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Liberty Global presently has an average rating of “Hold” and an average price target of $13.22.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.