Liberty Global Ltd $LBTYA Shares Sold by ING Groep NV

ING Groep NV lowered its stake in Liberty Global Ltd (NASDAQ:LBTYA) by 61.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 396,000 shares of the company’s stock after selling 622,000 shares during the quarter. ING Groep NV owned about 0.12% of Liberty Global worth $4,411,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Los Angeles Capital Management LLC grew its stake in shares of Liberty Global by 27.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 282,453 shares of the company’s stock valued at $3,099,000 after buying an additional 60,314 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Liberty Global in the fourth quarter valued at about $287,000. State of Wyoming grew its stake in shares of Liberty Global by 18.5% in the fourth quarter. State of Wyoming now owns 19,225 shares of the company’s stock valued at $214,000 after buying an additional 2,996 shares in the last quarter. AXQ Capital LP acquired a new stake in Liberty Global during the 4th quarter valued at approximately $349,000. Finally, Norges Bank acquired a new stake in Liberty Global during the 4th quarter valued at approximately $42,238,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LBTYA shares. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Pivotal Research restated a “buy” rating and set a $18.00 price objective on shares of Liberty Global in a research note on Monday, May 4th. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, UBS Group raised their price objective on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.15.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $11.81 on Tuesday. Liberty Global Ltd has a fifty-two week low of $9.45 and a fifty-two week high of $13.52. The business has a 50 day moving average price of $12.09 and a two-hundred day moving average price of $11.66. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.99 billion, a PE ratio of -0.74 and a beta of 0.92.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, topping the consensus estimate of ($0.35) by $1.31. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%. Sell-side analysts expect that Liberty Global Ltd will post -1.38 earnings per share for the current fiscal year.

Liberty Global Profile

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.