Oaktree Capital Management LP Raises Stock Holdings in Liberty Global Ltd $LBTYA

Oaktree Capital Management LP lifted its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,551,191 shares of the company’s stock after acquiring an additional 339,000 shares during the period. Liberty Global accounts for about 0.8% of Oaktree Capital Management LP’s holdings, making the stock its 12th biggest position. Oaktree Capital Management LP’s holdings in Liberty Global were worth $97,997,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LBTYA. Royal Bank of Canada grew its position in Liberty Global by 801.7% in the 1st quarter. Royal Bank of Canada now owns 120,200 shares of the company’s stock valued at $1,383,000 after buying an additional 106,870 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Liberty Global during the 1st quarter worth $64,000. Millennium Management LLC lifted its stake in shares of Liberty Global by 197.8% in the 1st quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock worth $17,504,000 after acquiring an additional 1,010,118 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Liberty Global by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock valued at $5,201,000 after acquiring an additional 98,182 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 valued at $301,000 after acquiring an additional 1,153 shares in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Price Performance

Shares of LBTYA stock traded up $0.02 during mid-day trading on Friday, reaching $12.44. The stock had a trading volume of 78,448 shares, compared to its average volume of 3,006,257. The company has a market cap of $4.17 billion, a P/E ratio of -0.60 and a beta of 1.02. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a 12-month low of $9.02 and a 12-month high of $13.52. The business has a 50-day simple moving average of $11.49 and a 200 day simple moving average of $11.34.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($8.60) EPS for the quarter, missing the consensus estimate of ($0.46) by ($8.14). Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. On average, sell-side analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Analysts Set New Price Targets

LBTYA has been the subject of several analyst reports. UBS Group increased their price target on shares of Liberty Global from $11.80 to $12.60 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Citigroup boosted their target price on Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.40.

Liberty Global Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.