Liberty Global Ltd. (NASDAQ:LBTYA) Stake Reduced by Hi Line Capital Management LLC

Hi Line Capital Management LLC lowered its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 2.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 827,307 shares of the company’s stock after selling 19,534 shares during the period. Liberty Global makes up approximately 4.6% of Hi Line Capital Management LLC’s holdings, making the stock its 4th biggest position. Hi Line Capital Management LLC owned approximately 0.23% of Liberty Global worth $10,556,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its stake in Liberty Global by 110.3% during the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after acquiring an additional 975 shares during the period. Spire Wealth Management purchased a new stake in Liberty Global during the 4th quarter valued at approximately $59,000. VisionPoint Advisory Group LLC purchased a new position in shares of Liberty Global in the fourth quarter valued at $123,000. Yousif Capital Management LLC purchased a new position in shares of Liberty Global in the fourth quarter valued at $128,000. Finally, Clifford Capital Partners LLC purchased a new position in Liberty Global during the third quarter worth $227,000. Institutional investors own 37.20% of the company’s stock.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $11.37 on Monday. The business’s 50 day moving average price is $11.89 and its 200 day moving average price is $16.12. The firm has a market cap of $4.07 billion, a P/E ratio of 2.71 and a beta of 1.24. Liberty Global Ltd. has a 52 week low of $10.55 and a 52 week high of $21.56. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Sanford C. Bernstein downgraded Liberty Global from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $13.00 in a report on Monday, November 18th. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $13.10 to $12.60 in a report on Friday, December 6th. 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. Finally, Deutsche Bank Aktiengesellschaft cut their target price on 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, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.75.

Insider Activity at Liberty Global

In other Liberty Global news, major shareholder Nicholas V. Tompras sold 57,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the completion of the transaction, the insider now directly owns 16,153 shares of the company’s stock, valued at approximately $209,019.82. The trade was a 77.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Charles H. R. Bracken sold 84,103 shares of the business’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 value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.51% of the stock is owned by insiders.

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.