S&CO Inc. Buys New Position in Liberty Global Ltd $LBTYA

S&CO Inc. purchased a new position in Liberty Global Ltd (NASDAQ:LBTYA) in the second quarter, Holdings Channel.com reports. The fund purchased 220,823 shares of the company’s stock, valued at approximately $2,510,000.

Several other large investors have also added to or reduced their stakes in the stock. UBS Group AG raised its holdings in Liberty Global by 44.2% in the 4th quarter. UBS Group AG now owns 2,754,981 shares of the company’s stock worth $30,690,000 after purchasing an additional 844,265 shares in the last quarter. Amundi purchased a new stake in shares of Liberty Global in the 1st quarter worth about $6,196,000. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Global by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after purchasing an additional 521,750 shares in the last quarter. Sei Investments Co. increased its position in shares of Liberty Global by 167.7% during the first quarter. Sei Investments Co. now owns 284,718 shares of the company’s stock valued at $3,442,000 after buying an additional 178,366 shares during the period. Finally, Candriam S.C.A. purchased a new position in shares of Liberty Global during the first quarter valued at about $1,518,000. Institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Down 0.2%

Shares of Liberty Global stock opened at $10.47 on Friday. Liberty Global Ltd has a 1 year low of $9.43 and a 1 year high of $13.52. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -1.17 and a beta of 0.94. The company has a 50-day moving average of $10.91 and a 200 day moving average of $11.63. 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 posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Liberty Global Ltd will post -1.46 earnings per share for the current fiscal year.

Insider Activity

In other news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total value of $634,700.00. Following the sale, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. The trade was a 50.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LBTYA. Pivotal Research restated a “buy” rating and issued a $18.00 price objective on shares of Liberty Global in a report on Monday, May 4th. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. Finally, UBS Group lowered their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Liberty Global currently has a consensus rating of “Hold” and an average target price of $14.30.

Liberty Global Company 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.