California Public Employees Retirement System Sells 11,344 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

California Public Employees Retirement System lowered its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,008,778 shares of the company’s stock after selling 11,344 shares during the quarter. California Public Employees Retirement System’s holdings in Liberty Global were worth $17,926,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Liberty Global by 148.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company’s stock valued at $39,000 after purchasing an additional 1,357 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Liberty Global during the fourth quarter valued at $141,000. Advisor Partners II LLC purchased a new stake in shares of Liberty Global during the third quarter valued at $209,000. Autumn Glory Partners LLC bought a new stake in Liberty Global in the 3rd quarter worth about $215,000. Finally, Brown Advisory Inc. bought a new position in Liberty Global during the 3rd quarter valued at about $232,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LBTYA has been the subject of a number of research analyst reports. New Street Research reiterated a “neutral” rating on shares of Liberty Global in a research note on Wednesday, February 28th. HSBC downgraded shares of Liberty Global from a “buy” rating to a “hold” rating and cut their target price for the stock from $26.00 to $20.00 in a research report on Monday, March 18th. UBS Group lowered their price target on Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a report on Monday, February 26th. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a report on Friday, February 23rd. Finally, Barclays increased their target price on Liberty Global from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, January 12th. One investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.75.

Liberty Global Trading Down 0.4 %

Shares of LBTYA stock opened at $16.28 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $6.15 billion, a price-to-earnings ratio of -1.74 and a beta of 1.18. Liberty Global Ltd. has a 1 year low of $15.01 and a 1 year high of $20.56. The firm has a fifty day moving average price of $17.04 and a 200-day moving average price of $17.20.

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

Insider Activity at Liberty Global

In other Liberty Global news, CAO Jason Waldron sold 11,226 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the sale, the chief accounting officer now owns 70,666 shares in the company, valued at approximately $1,363,147.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director J David Wargo sold 30,000 shares of the 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 completion of the sale, the director now owns 159,632 shares in the company, valued at $2,769,615.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jason Waldron sold 11,226 shares of Liberty Global stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total value of $216,549.54. Following the sale, the chief accounting officer now directly owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,629 shares of company stock worth $2,046,783. 11.51% of the stock is owned by company insiders.

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.