Robeco Institutional Asset Management B.V. Makes New Investment in Liberty Global Ltd $LBTYK

Robeco Institutional Asset Management B.V. purchased a new position in shares of Liberty Global Ltd (NASDAQ:LBTYK) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 993,569 shares of the company’s stock, valued at approximately $8,833,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBTYK. Turtle Creek Wealth Advisors LLC acquired a new position in Liberty Global in the third quarter valued at $384,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Liberty Global during the third quarter worth about $132,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of Liberty Global during the third quarter worth about $145,000. Wedmont Private Capital acquired a new stake in shares of Liberty Global during the third quarter worth about $118,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Liberty Global by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock worth $40,783,000 after purchasing an additional 127,220 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LBTYK has been the subject of a number of research analyst reports. Weiss Ratings raised Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 16th. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Liberty Global presently has a consensus rating of “Sell”.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $7.78 on Friday. The firm’s fifty day simple moving average is $9.45 and its 200-day simple moving average is $10.52. Liberty Global Ltd has a 12 month low of $7.44 and a 12 month high of $13.12. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.