Summit Securities Group LLC Increases Stake in Liberty Global Ltd. (NASDAQ:LBTYA)

Summit Securities Group LLC boosted its position in Liberty Global Ltd. (NASDAQ:LBTYA) by 33.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,000 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Summit Securities Group LLC’s holdings in Liberty Global were worth $306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC increased its holdings in Liberty Global by 333.3% during the 4th quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock worth $221,730,000 after purchasing an additional 13,366,743 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Liberty Global by 55.3% in the fourth quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company’s stock worth $66,865,000 after acquiring an additional 1,866,197 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Liberty Global by 2,799.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock worth $98,079,000 after purchasing an additional 4,485,823 shares in the last quarter. Norges Bank acquired a new position in Liberty Global in the fourth quarter worth approximately $48,381,000. Finally, State Street Corp increased its holdings in shares of Liberty Global by 36.8% during the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after acquiring an additional 705,780 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Down 1.9 %

Shares of LBTYA opened at $11.50 on Friday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 2.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. The stock has a fifty day moving average of $11.49 and a 200-day moving average of $14.80. Liberty Global Ltd. has a 52 week low of $10.55 and a 52 week high of $21.56.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.84 billion. As a group, sell-side analysts anticipate that Liberty Global Ltd. will post -1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Sanford C. Bernstein lowered shares of Liberty Global from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $13.10 to $12.60 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.43.

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.