Baupost Group LLC MA Decreases Stake in Liberty Global Ltd $LBTYA

Baupost Group LLC MA reduced its position in Liberty Global Ltd (NASDAQ:LBTYA) by 59.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,080,456 shares of the company’s stock after selling 2,996,306 shares during the period. Liberty Global accounts for 0.4% of Baupost Group LLC MA’s investment portfolio, making the stock its 21st largest holding. Baupost Group LLC MA’s holdings in Liberty Global were worth $23,176,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Liberty Global in the third quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its position in shares of Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after buying an additional 1,238 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Liberty Global by 207.4% in the third quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock worth $34,000 after buying an additional 2,012 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Liberty Global in the third quarter worth about $42,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Liberty Global in the second quarter worth about $47,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Pivotal Research reiterated a “buy” rating and issued a $18.00 target price on shares of Liberty Global in a research report on Monday, May 4th. UBS Group upped their price objective on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a research report on Tuesday, March 31st. Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liberty Global currently has a consensus rating of “Hold” and a consensus price target of $16.15.

Liberty Global Trading Up 3.6%

Shares of LBTYA stock opened at $12.46 on Friday. Liberty Global Ltd has a 1 year low of $9.45 and a 1 year high of $13.52. 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’s 50 day simple moving average is $12.08 and its two-hundred day simple moving average is $11.69. The company has a market cap of $4.21 billion, a PE ratio of -0.78 and a beta of 0.92.

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

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.