Liberty Global (NASDAQ:LBTYA) Given New $20.00 Price Target at Barclays

Liberty Global (NASDAQ:LBTYA) had its target price trimmed by Barclays from $22.00 to $20.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms also recently issued reports on LBTYA. TheStreet upgraded Liberty Global from a d+ rating to a c- rating in a research note on Thursday, January 25th. New Street Research reaffirmed a neutral rating on shares of Liberty Global in a research report on Wednesday, February 28th. Bank of America downgraded shares of Liberty Global from a neutral rating to an underperform rating in a report on Friday, February 23rd. HSBC downgraded shares of Liberty Global from a buy rating to a hold rating and decreased their price target for the stock from $26.00 to $20.00 in a research report on Monday, March 18th. Finally, UBS Group cut their price objective on shares of Liberty Global from $23.00 to $22.50 and set a buy rating for the company in a research report on Monday, February 26th. 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. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $24.25.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA opened at $17.18 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $17.19. Liberty Global has a fifty-two week low of $15.01 and a fifty-two week high of $20.56.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.32 earnings per share for the quarter. Liberty Global had a negative net margin of 37.27% and a negative return on equity of 14.07%. The company had revenue of $1.95 billion for the quarter. During the same quarter last year, the company earned ($1.59) EPS. Equities research analysts forecast that Liberty Global will post -0.61 EPS for the current fiscal year.

Insider Activity

In other news, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total value of $216,549.54. Following the transaction, the chief accounting officer now directly owns 70,666 shares in the company, valued at $1,363,147.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Liberty Global news, EVP Bryan H. Hall sold 25,000 shares of Liberty Global stock in a transaction on Friday, March 8th. The shares were sold at an average price of $18.24, for a total value of $456,000.00. Following the sale, the executive vice president now directly owns 144,934 shares in the company, valued at approximately $2,643,596.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the sale, the chief accounting officer now owns 70,666 shares in the company, valued at approximately $1,363,147.14. 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 three months. Company insiders own 11.51% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Liberty Global by 148.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company’s stock worth $39,000 after buying an additional 1,357 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Liberty Global during the first quarter valued at approximately $91,000. Bfsg LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at approximately $106,000. Anchor Investment Management LLC purchased a new position in shares of Liberty Global in the 4th quarter worth approximately $141,000. Finally, Tevis Investment Management bought a new position in shares of Liberty Global during the 1st quarter valued at approximately $180,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

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.