ACR Alpine Capital Research LLC Acquires 682,767 Shares of Liberty Global Ltd $LBTYA

ACR Alpine Capital Research LLC lifted its stake in Liberty Global Ltd (NASDAQ:LBTYA) by 3.4% during the second quarter, HoldingsChannel reports. The firm owned 20,518,151 shares of the company’s stock after purchasing an additional 682,767 shares during the period. Liberty Global accounts for about 3.7% of ACR Alpine Capital Research LLC’s holdings, making the stock its 15th largest position. ACR Alpine Capital Research LLC owned about 0.06% of Liberty Global worth $205,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LBTYA. Y Intercept Hong Kong Ltd bought a new position in Liberty Global in the 2nd quarter worth about $3,169,000. 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 purchasing an additional 1,153 shares during the period. ARGA Investment Management LP grew its stake in Liberty Global by 10.6% in the second quarter. ARGA Investment Management LP now owns 1,506,691 shares of the company’s stock worth $15,082,000 after purchasing an additional 144,826 shares in the last quarter. BKM Wealth Management LLC increased its holdings in Liberty Global by 11.6% during the 2nd quarter. BKM Wealth Management LLC now owns 53,990 shares of the company’s stock worth $540,000 after purchasing an additional 5,632 shares during the period. Finally, Lancaster Investment Management raised its position in Liberty Global by 91.5% during the 2nd quarter. Lancaster Investment Management now owns 4,506,798 shares of the company’s stock valued at $45,113,000 after purchasing an additional 2,152,798 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Liberty Global Stock Down 1.4%

NASDAQ:LBTYA opened at $10.93 on Tuesday. The company’s 50-day simple moving average is $11.47 and its 200-day simple moving average is $10.60. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.22. The stock has a market capitalization of $3.72 billion, a P/E ratio of -1.12 and a beta of 1.15.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($7.54). The firm 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%. On average, equities analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Insider Activity

In other Liberty Global news, CAO Jason Waldron sold 34,380 shares of the stock in a transaction dated Friday, August 15th. The stock was 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 directly owned 8,383 shares in the company, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Miranda Curtis sold 42,600 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.77, for a total value of $501,402.00. Following the sale, the director owned 129,305 shares in the company, valued at $1,521,919.85. The trade was a 24.78% decrease in their position. 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. Insiders own 11.51% of the company’s stock.

About Liberty Global

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.