Lighthouse Investment Partners LLC Raises Stake in Liberty Global Ltd $LBTYA

Lighthouse Investment Partners LLC lifted its position in Liberty Global Ltd (NASDAQ:LBTYA) by 30.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 406,036 shares of the company’s stock after purchasing an additional 93,700 shares during the period. Lighthouse Investment Partners LLC owned about 0.12% of Liberty Global worth $4,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in Liberty Global by 227.4% in the 3rd quarter. AQR Capital Management LLC now owns 7,672,437 shares of the company’s stock worth $87,926,000 after buying an additional 5,328,998 shares during the period. Norges Bank bought a new stake in Liberty Global during the second quarter valued at about $37,954,000. Rubric Capital Management LP lifted its position in shares of Liberty Global by 36.2% in the third quarter. Rubric Capital Management LP now owns 7,750,367 shares of the company’s stock valued at $88,819,000 after acquiring an additional 2,058,142 shares in the last quarter. Covalis Capital LLP purchased a new position in shares of Liberty Global in the second quarter valued at about $17,054,000. Finally, Bank of Nova Scotia boosted its stake in shares of Liberty Global by 1,576.5% in the second quarter. Bank of Nova Scotia now owns 1,498,800 shares of the company’s stock worth $15,003,000 after acquiring an additional 1,409,400 shares during the period. 37.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LBTYA has been the topic of several recent analyst reports. Citigroup lifted their target price on Liberty Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. UBS Group upped their price target on Liberty Global from $11.80 to $12.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.40.

Liberty Global Stock Down 0.1%

LBTYA opened at $12.17 on Tuesday. The company has a market capitalization of $4.08 billion, a PE ratio of -0.59 and a beta of 1.02. The firm has a 50-day simple moving average of $11.54 and a two-hundred day simple moving average of $11.34. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $13.52.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Wednesday, February 18th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($8.14). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%. Analysts forecast that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

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.