Liberty Global Ltd $LBTYA Shares Sold by ING Groep NV

ING Groep NV decreased its position in Liberty Global Ltd (NASDAQ:LBTYA) by 61.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 396,000 shares of the company’s stock after selling 622,000 shares during the period. ING Groep NV’s holdings in Liberty Global were worth $4,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in LBTYA. Quarry LP bought a new stake in shares of Liberty Global in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty Global by 79.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after purchasing an additional 1,238 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Liberty Global by 207.4% in the 3rd quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock worth $34,000 after purchasing an additional 2,012 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Liberty Global in the 3rd quarter worth approximately $42,000. Finally, Headlands Technologies LLC bought a new stake in shares of Liberty Global in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Stock Up 0.4%

Shares of Liberty Global stock opened at $11.81 on Tuesday. The business’s fifty day moving average price is $12.09 and its two-hundred day moving average price is $11.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $3.99 billion, a P/E ratio of -0.74 and a beta of 0.92. Liberty Global Ltd has a 1-year low of $9.45 and a 1-year high of $13.52.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $1.31. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%. As a group, research analysts forecast that Liberty Global Ltd will post -1.38 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LBTYA. Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Zacks Research raised Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. UBS Group raised their price target on Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Finally, Pivotal Research reissued a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a report on Monday, May 4th. Two 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. According to MarketBeat, Liberty Global currently has an average rating of “Hold” and a consensus target price of $16.15.

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.