Teacher Retirement System of Texas Buys 155,580 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Teacher Retirement System of Texas grew its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 286.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,974 shares of the company’s stock after purchasing an additional 155,580 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Liberty Global worth $2,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LBTYA. Blue Trust Inc. lifted its position in Liberty Global by 58.1% during the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $38,000 after buying an additional 1,081 shares during the period. Spire Wealth Management purchased a new position in Liberty Global during the 4th quarter valued at about $59,000. VisionPoint Advisory Group LLC bought a new stake in Liberty Global during the fourth quarter worth about $123,000. Yousif Capital Management LLC purchased a new stake in Liberty Global in the fourth quarter worth about $128,000. Finally, Clifford Capital Partners LLC bought a new position in shares of Liberty Global during the third quarter valued at approximately $227,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Liberty Global

In other news, major shareholder Nicholas V. Tompras sold 57,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the transaction, the insider now owns 16,153 shares of the company’s stock, valued at $209,019.82. This trade represents a 77.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.51% of the stock is owned by corporate insiders.

Liberty Global Trading Down 0.3 %

Shares of NASDAQ:LBTYA opened at $11.52 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. Liberty Global Ltd. has a 1 year low of $10.55 and a 1 year high of $21.56. The company has a market cap of $4.02 billion, a P/E ratio of 2.75 and a beta of 1.27. The stock’s fifty day moving average price is $11.50 and its 200-day moving average price is $14.94.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion. Sell-side analysts expect that Liberty Global Ltd. will post -1.35 earnings per share for the current year.

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.