Lancaster Investment Management Makes New Investment in Liberty Global Ltd $LBTYA

Lancaster Investment Management bought a new position in Liberty Global Ltd (NASDAQ:LBTYA) during the third quarter, Holdings Channel.com reports. The fund bought 3,760,839 shares of the company’s stock, valued at approximately $34,336,000. Liberty Global comprises approximately 21.0% of Lancaster Investment Management’s investment portfolio, making the stock its 2nd biggest holding.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings in shares of Liberty Global by 31.4% in the third quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock valued at $140,000 after purchasing an additional 3,668 shares during the period. State Street Corp raised its position in Liberty Global by 8.4% during the 2nd quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after purchasing an additional 251,727 shares in the last quarter. Engineers Gate Manager LP raised its position in Liberty Global by 27.7% during the 2nd quarter. Engineers Gate Manager LP now owns 425,708 shares of the company’s stock valued at $4,840,000 after purchasing an additional 92,388 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Liberty Global by 26.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock valued at $160,000 after purchasing an additional 2,926 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Liberty Global by 94.8% during the 2nd quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock worth $3,979,000 after buying an additional 170,328 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on LBTYA. New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday. Barclays lowered their price objective on shares of Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday. UBS Group dropped their target price on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Wall Street Zen raised shares of Liberty Global to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Global currently has an average rating of “Hold” and an average price target of $12.78.

Liberty Global Stock Up 6.4%

LBTYA stock opened at $7.98 on Wednesday. Liberty Global Ltd has a one year low of $7.48 and a one year high of $13.52. The firm has a 50-day simple moving average of $9.82 and a two-hundred day simple moving average of $10.91. 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:LBTYA) last released 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. As a group, research analysts forecast that Liberty Global Ltd will post -1.47 earnings per share for the current year.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.