Exchange Traded Concepts LLC Acquires New Shares in Liberty Global Ltd. (NASDAQ:LBTYA)

Exchange Traded Concepts LLC acquired a new stake in Liberty Global Ltd. (NASDAQ:LBTYA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 167,511 shares of the company’s stock, valued at approximately $2,137,000.

A number of other large investors have also recently added to or reduced their stakes in LBTYA. Dimensional Fund Advisors LP increased its holdings in Liberty Global by 212.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock worth $57,336,000 after purchasing an additional 2,236,696 shares in the last quarter. Amalgamated Bank bought a new position in Liberty Global during the 2nd quarter worth about $480,000. EverSource Wealth Advisors LLC increased its holdings in Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after purchasing an additional 601 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Liberty Global during the 2nd quarter worth about $2,317,000. Finally, Algert Global LLC acquired a new position in shares of Liberty Global during the 2nd quarter worth about $624,000. Institutional investors own 37.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.51% of the company’s stock.

Analysts Set New Price Targets

LBTYA has been the subject of a number of recent research reports. UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Benchmark reiterated a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a research note on Tuesday, October 29th. Barclays cut their target price on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 25th. Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and cut their target price for the company from $24.70 to $12.40 in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.13.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $11.88 on Monday. The firm has a 50 day moving average price of $12.72 and a two-hundred day moving average price of $17.20. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $4.25 billion, a PE ratio of -1.17 and a beta of 1.25. Liberty Global Ltd. has a 12-month low of $10.93 and a 12-month high of $21.56.

Liberty Global Profile

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.