Handelsbanken Fonder AB Has $990,000 Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Handelsbanken Fonder AB cut its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 57.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,730 shares of the company’s stock after selling 76,606 shares during the quarter. Handelsbanken Fonder AB’s holdings in Liberty Global were worth $990,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Hi Line Capital Management LLC increased its holdings in Liberty Global by 23.6% during the 3rd quarter. Hi Line Capital Management LLC now owns 1,202,445 shares of the company’s stock valued at $20,586,000 after purchasing an additional 229,400 shares in the last quarter. CQS US LLC grew its holdings in shares of Liberty Global by 51.3% during the third quarter. CQS US LLC now owns 3,405,950 shares of the company’s stock worth $58,310,000 after purchasing an additional 1,154,230 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Liberty Global in the third quarter valued at $673,000. Anchor Investment Management LLC bought a new position in shares of Liberty Global in the fourth quarter valued at about $141,000. Finally, Qube Research & Technologies Ltd acquired a new position in Liberty Global during the 3rd quarter worth about $34,754,000. Institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Performance

LBTYA stock opened at $16.35 on Monday. Liberty Global Ltd. has a twelve month low of $15.01 and a twelve month high of $20.56. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.17 billion, a P/E ratio of -1.74 and a beta of 1.18. The business’s fifty day moving average is $17.07 and its 200-day moving average is $17.19.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($7.88). The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. Equities research analysts forecast that Liberty Global Ltd. will post -0.61 EPS for the current year.

Insider Activity at Liberty Global

In related news, EVP Andrea Salvato sold 32,403 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $17.70, for a total transaction of $573,533.10. Following the completion of the transaction, the executive vice president now owns 102,286 shares in the company, valued at $1,810,462.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director J David Wargo sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the sale, the director now owns 159,632 shares of the company’s stock, valued at $2,769,615.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Andrea Salvato sold 32,403 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $17.70, for a total value of $573,533.10. Following the completion of the transaction, the executive vice president now owns 102,286 shares of the company’s stock, valued at $1,810,462.20. The disclosure for this sale can be found here. Insiders have sold 113,629 shares of company stock worth $2,046,783 in the last ninety days. Company insiders own 11.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LBTYA shares. Barclays boosted their target price on shares of Liberty Global from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, January 12th. New Street Research restated a “neutral” rating on shares of Liberty Global in a research report on Wednesday, February 28th. HSBC lowered Liberty Global from a “buy” rating to a “hold” rating and decreased their price objective for the company from $26.00 to $20.00 in a research report on Monday, March 18th. Citigroup raised Liberty Global from a “neutral” rating to a “buy” rating and upped their price target for the company from $20.00 to $24.00 in a research note on Friday, February 9th. Finally, Bank of America cut Liberty Global from a “neutral” rating to an “underperform” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Liberty Global presently has a consensus rating of “Hold” and an average price target of $24.75.

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.