Brokerages Set Liberty Global Ltd (NASDAQ:LBTYA) PT at $16.15

Shares of Liberty Global Ltd (NASDAQ:LBTYA) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.0250.

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Pivotal Research reiterated a “buy” rating and issued a $18.00 price objective on shares of Liberty Global in a research note on Monday, May 4th. UBS Group cut their price objective on shares of Liberty Global from $12.60 to $12.10 and set a “neutral” rating for the company in a report on Wednesday. Finally, Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $10.66 on Friday. The stock has a 50 day simple moving average of $11.69 and a 200 day simple moving average of $11.70. The stock has a market cap of $3.60 billion, a P/E ratio of -0.67 and a beta of 0.93. Liberty Global has a 1-year low of $9.62 and a 1-year high of $13.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Research analysts anticipate that Liberty Global will post -1.38 earnings per share for the current year.

Insider Transactions at Liberty Global

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the transaction, the director owned 53,876 shares in the company, valued at $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Global

Several large investors have recently modified their holdings of LBTYA. Quarry LP acquired a new position in Liberty Global in the third quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its holdings in Liberty Global by 79.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock valued at $28,000 after buying an additional 1,238 shares during the period. Allworth Financial LP bought a new position in Liberty Global in the 3rd quarter valued at about $42,000. Headlands Technologies LLC acquired a new position in shares of Liberty Global in the 2nd quarter valued at approximately $47,000. Finally, MAI Capital Management lifted its holdings in shares of Liberty Global by 27.5% during the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company’s stock worth $52,000 after acquiring an additional 983 shares during the period. 37.20% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

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.