Liberty Global (NASDAQ:LBTYA) Stock Rating Lowered by Sanford C. Bernstein

Liberty Global (NASDAQ:LBTYA) was downgraded by equities researchers at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued on Thursday,Finviz reports. They currently have a $12.40 price objective on the stock, down from their previous price objective of $24.70. Sanford C. Bernstein’s target price would suggest a potential upside of 6.53% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Benchmark reiterated a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Liberty Global from $38.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $13.00 in a research report on Monday, November 18th. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Finally, Barclays lowered their price target on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Liberty Global currently has an average rating of “Hold” and an average target price of $18.13.

Liberty Global Stock Down 0.6 %

Shares of LBTYA opened at $11.64 on Thursday. Liberty Global has a 52 week low of $10.93 and a 52 week high of $21.56. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of -1.15 and a beta of 1.25. The stock’s 50-day moving average price is $12.74 and its 200-day moving average price is $17.29.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 11.51% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Liberty Global by 2,799.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after purchasing an additional 4,485,823 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Liberty Global by 212.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock worth $57,336,000 after acquiring an additional 2,236,696 shares in the last quarter. State Street Corp boosted its position in shares of Liberty Global by 36.8% during the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock worth $55,399,000 after acquiring an additional 705,780 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Liberty Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company’s stock worth $47,778,000 after acquiring an additional 141,749 shares in the last quarter. Finally, Mirabella Financial Services LLP boosted its position in shares of Liberty Global by 16.6% during the 3rd quarter. Mirabella Financial Services LLP now owns 2,113,665 shares of the company’s stock worth $44,619,000 after acquiring an additional 300,305 shares in the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

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.