Covalis Capital LLP Buys Shares of 1,703,745 Liberty Global Ltd $LBTYA

Covalis Capital LLP purchased a new position in Liberty Global Ltd (NASDAQ:LBTYA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,703,745 shares of the company’s stock, valued at approximately $17,054,000. Liberty Global comprises 2.1% of Covalis Capital LLP’s investment portfolio, making the stock its 16th biggest position. Covalis Capital LLP owned 0.50% of Liberty Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. CWM LLC raised its position in Liberty Global by 81.5% in the 1st quarter. CWM LLC now owns 2,285 shares of the company’s stock worth $26,000 after buying an additional 1,026 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Liberty Global by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 30,107 shares of the company’s stock worth $301,000 after acquiring an additional 1,153 shares during the period. Private Advisor Group LLC raised its holdings in shares of Liberty Global by 11.8% during the first quarter. Private Advisor Group LLC now owns 20,163 shares of the company’s stock valued at $232,000 after purchasing an additional 2,123 shares during the last quarter. Accurate Wealth Management LLC raised its holdings 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 during the last quarter. Finally, Fullcircle Wealth LLC lifted its position in Liberty Global by 4.5% during the second quarter. Fullcircle Wealth LLC now owns 58,237 shares of the company’s stock valued at $634,000 after purchasing an additional 2,513 shares during the period. 37.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Liberty Global Price Performance

Shares of Liberty Global stock opened at $11.03 on Friday. The stock’s fifty day moving average is $11.15 and its 200 day moving average is $10.64. Liberty Global Ltd has a one year low of $9.02 and a one year high of $14.30. 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 market cap of $3.71 billion, a P/E ratio of -1.13 and a beta of 1.12.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of $1.45 by ($1.72). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. Sell-side analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Global news, Director Miranda Curtis sold 42,600 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the transaction, the director directly owned 129,305 shares in the company, valued at $1,521,919.85. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.29% of the stock is owned by corporate insiders.

Liberty Global Company 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.