3,760,839 Shares of Liberty Global Ltd $LBTYA Purchased by Lancaster Investment Management

Lancaster Investment Management bought a new position in Liberty Global Ltd (NASDAQ:LBTYA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,760,839 shares of the company’s stock, valued at approximately $34,336,000. Liberty Global makes up 21.0% of Lancaster Investment Management’s holdings, making the stock its 2nd largest position. Lancaster Investment Management owned 1.10% of Liberty Global at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its position in Liberty Global by 94.8% during the second quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock valued at $3,979,000 after purchasing an additional 170,328 shares during the last quarter. State Street Corp grew its stake in shares of Liberty Global by 8.4% in the 2nd quarter. State Street Corp now owns 3,245,059 shares of the company’s stock worth $36,896,000 after buying an additional 251,727 shares in the last quarter. Amundi bought a new stake in shares of Liberty Global in the 1st quarter worth about $6,196,000. Bank of New York Mellon Corp bought a new position in shares of Liberty Global in the 2nd quarter valued at about $3,529,000. Finally, Bank of America Corp DE lifted its holdings in shares of Liberty Global by 16.4% in the 1st quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock valued at $8,162,000 after acquiring an additional 95,244 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Up 6.4%

LBTYA stock opened at $7.98 on Wednesday. Liberty Global Ltd has a 12 month low of $7.48 and a 12 month high of $13.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $9.82 and a 200 day moving average price of $10.91.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, equities analysts expect that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LBTYA has been the subject of several recent research reports. Barclays dropped their price target on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday. New Street Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. UBS Group cut their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Liberty Global to a “sell” rating in a report on Saturday. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.78.

Liberty Global 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.