Chou Associates Management Inc. Cuts Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Chou Associates Management Inc. trimmed its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 90.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,000 shares of the company’s stock after selling 109,823 shares during the quarter. Liberty Global accounts for about 0.1% of Chou Associates Management Inc.’s holdings, making the stock its 27th largest position. Chou Associates Management Inc.’s holdings in Liberty Global were worth $153,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LBTYA. Blue Trust Inc. boosted its stake in Liberty Global by 58.1% in the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $38,000 after acquiring an additional 1,081 shares during the last quarter. Spire Wealth Management purchased a new position in Liberty Global in the fourth quarter valued at approximately $59,000. New Age Alpha Advisors LLC bought a new position in Liberty Global during the fourth quarter valued at $73,000. VisionPoint Advisory Group LLC purchased a new stake in Liberty Global in the fourth quarter worth $123,000. Finally, Yousif Capital Management LLC bought a new stake in shares of Liberty Global in the fourth quarter valued at $128,000. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Trading Down 6.5 %

Shares of Liberty Global stock opened at $10.30 on Friday. The company’s 50-day moving average price is $11.43 and its 200-day moving average price is $14.50. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 2.46 and a beta of 1.27. Liberty Global Ltd. has a 12-month low of $10.22 and a 12-month high of $21.56. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LBTYA. Sanford C. Bernstein lowered Liberty Global from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.