Seven Eight Capital LP Invests $2.03 Million in Liberty Global Ltd. (NASDAQ:LBTYA)

Seven Eight Capital LP acquired a new stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 119,928 shares of the company’s stock, valued at approximately $2,029,000.

Several other hedge funds also recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new stake in shares of Liberty Global during the first quarter valued at approximately $91,000. Bfsg LLC purchased a new stake in shares of Liberty Global in the 4th quarter worth $106,000. Tevis Investment Management purchased a new stake in shares of Liberty Global in the 1st quarter worth $180,000. SG Americas Securities LLC grew its position in shares of Liberty Global by 25.7% during the 1st quarter. SG Americas Securities LLC now owns 17,713 shares of the company’s stock worth $300,000 after buying an additional 3,627 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Liberty Global during the fourth quarter valued at $302,000. Institutional investors own 37.20% of the company’s stock.

Analysts Set New Price Targets

LBTYA has been the topic of several research reports. Barclays cut their price objective on shares of Liberty Global from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Benchmark decreased their price objective on Liberty Global from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Liberty Global currently has a consensus rating of “Hold” and an average price target of $24.58.

Liberty Global Price Performance

NASDAQ:LBTYA traded up $0.15 during midday trading on Tuesday, hitting $19.01. The company’s stock had a trading volume of 1,348,047 shares, compared to its average volume of 1,810,611. Liberty Global Ltd. has a fifty-two week low of $15.01 and a fifty-two week high of $20.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50 day moving average is $17.53 and its 200-day moving average is $17.65.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.32 earnings per share (EPS) for the quarter. The business had revenue of $1.95 billion during the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%. During the same period last year, the firm earned ($1.59) EPS. On average, equities analysts anticipate that Liberty Global Ltd. will post -0.61 earnings per share for the current fiscal year.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.