Norges Bank Invests $42.24 Million in Liberty Global Ltd $LBTYA

Norges Bank bought a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA) during the fourth quarter, HoldingsChannel reports. The fund bought 3,791,590 shares of the company’s stock, valued at approximately $42,238,000.

A number of other hedge funds have also modified their holdings of the business. ACR Alpine Capital Research LLC grew its position in shares of Liberty Global by 1.5% during the fourth quarter. ACR Alpine Capital Research LLC now owns 21,546,970 shares of the company’s stock worth $240,033,000 after acquiring an additional 309,230 shares during the last quarter. Oaktree Capital Management LP grew its position in shares of Liberty Global by 4.1% during the third quarter. Oaktree Capital Management LP now owns 8,551,191 shares of the company’s stock worth $97,997,000 after acquiring an additional 339,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Liberty Global by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 8,110,169 shares of the company’s stock worth $92,945,000 after acquiring an additional 287,889 shares during the last quarter. Rubric Capital Management LP grew its position in shares of Liberty Global by 36.2% during the third quarter. Rubric Capital Management LP now owns 7,750,367 shares of the company’s stock worth $88,819,000 after acquiring an additional 2,058,142 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Liberty Global by 227.4% during the third quarter. AQR Capital Management LLC now owns 7,672,437 shares of the company’s stock worth $87,926,000 after acquiring an additional 5,328,998 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $11.81 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a fifty day moving average price of $12.09 and a 200 day moving average price of $11.66. Liberty Global Ltd has a 1-year low of $9.45 and a 1-year high of $13.52. The company has a market cap of $3.99 billion, a PE ratio of -0.74 and a beta of 0.92.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.27 billion. Sell-side analysts forecast that Liberty Global Ltd will post -1.38 EPS for the current year.

Analyst Ratings Changes

LBTYA has been the subject of several recent research reports. Zacks Research raised Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. UBS Group increased their price target on Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Finally, Pivotal Research reaffirmed a “buy” rating and set a $18.00 price target on shares of Liberty Global in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.15.

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.