ACR Alpine Capital Research LLC Boosts Holdings in Liberty Global Ltd $LBTYA

ACR Alpine Capital Research LLC raised its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,518,151 shares of the company’s stock after buying an additional 682,767 shares during the quarter. Liberty Global comprises approximately 3.7% of ACR Alpine Capital Research LLC’s holdings, making the stock its 15th largest position. ACR Alpine Capital Research LLC owned about 5.94% of Liberty Global worth $205,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC boosted its position in shares of Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company’s stock worth $26,000 after acquiring an additional 1,026 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Liberty Global by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,107 shares of the company’s stock valued at $301,000 after acquiring an additional 1,153 shares during the last quarter. Private Advisor Group LLC lifted its stake in Liberty Global by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 20,163 shares of the company’s stock worth $232,000 after purchasing an additional 2,123 shares in the last quarter. Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Liberty Global by 10.8% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 24,657 shares of the company’s stock valued at $284,000 after purchasing an additional 2,406 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its position in shares of Liberty Global by 7.3% during the second quarter. Accurate Wealth Management LLC now owns 37,035 shares of the company’s stock valued at $379,000 after purchasing an additional 2,505 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $10.93 on Tuesday. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of -1.12 and a beta of 1.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average price of $11.47 and a 200-day moving average price of $10.60. Liberty Global Ltd has a one year low of $9.02 and a one year high of $21.22.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. Equities analysts expect that Liberty Global Ltd will post -1.35 EPS for the current year.

Insider Transactions at Liberty Global

In other news, CAO Jason Waldron sold 34,380 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of the sale, the chief accounting officer owned 8,383 shares in the company, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Charles H. R. Bracken sold 60,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total transaction of $678,600.00. Following the transaction, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,980 shares of company stock worth $1,577,091. 11.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $21.00 target price (up from $18.00) on shares of Liberty Global in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. Zacks Research raised Liberty Global to a “hold” rating in a report on Wednesday, September 3rd. Finally, UBS Group raised their target price on shares of Liberty Global from $10.60 to $11.80 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.26.

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.