Norges Bank Buys New Holdings in Liberty Global Ltd $LBTYA

Norges Bank bought a new stake in Liberty Global Ltd (NASDAQ:LBTYA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,791,590 shares of the company’s stock, valued at approximately $42,238,000. Norges Bank owned approximately 1.13% of Liberty Global as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LBTYA. AQR Capital Management LLC raised its holdings in Liberty Global by 227.4% in the third quarter. AQR Capital Management LLC now owns 7,672,437 shares of the company’s stock valued at $87,926,000 after acquiring an additional 5,328,998 shares in the last quarter. Rubric Capital Management LP raised its holdings in Liberty Global by 36.2% in the third quarter. Rubric Capital Management LP now owns 7,750,367 shares of the company’s stock valued at $88,819,000 after acquiring an additional 2,058,142 shares in the last quarter. Vanguard Group Inc. raised its holdings in Liberty Global by 35.2% in the fourth quarter. Vanguard Group Inc. now owns 4,551,242 shares of the company’s stock valued at $50,701,000 after acquiring an additional 1,185,935 shares in the last quarter. Highland Peak Capital LLC acquired a new stake in Liberty Global in the third quarter valued at approximately $13,294,000. Finally, Millennium Management LLC raised its holdings in Liberty Global by 197.8% in the first quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock valued at $17,504,000 after acquiring an additional 1,010,118 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $11.81 on Tuesday. The firm has a market capitalization of $3.99 billion, a P/E ratio of -0.74 and a beta of 0.92. Liberty Global Ltd has a 52 week low of $9.45 and a 52 week high of $13.52. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $12.09 and its two-hundred day moving average is $11.66.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of ($0.35) by $1.31. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. Research analysts forecast that Liberty Global Ltd will post -1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LBTYA. UBS Group raised their target price on shares of Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Pivotal Research reiterated a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a research note on Monday, May 4th. Zacks Research upgraded shares of Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Liberty Global currently has an average rating of “Hold” and a consensus target price of $16.15.

Liberty Global Company 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.