Envestnet Asset Management Inc. Sells 2,452 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Envestnet Asset Management Inc. lessened its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,839 shares of the company’s stock after selling 2,452 shares during the period. Envestnet Asset Management Inc.’s holdings in Liberty Global were worth $394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedbush Securities Inc. raised its holdings in Liberty Global by 168.9% in the fourth quarter. Wedbush Securities Inc. now owns 42,336 shares of the company’s stock worth $540,000 after buying an additional 26,589 shares during the last quarter. First Wilshire Securities Management Inc. raised its holdings in Liberty Global by 0.8% in the 4th quarter. First Wilshire Securities Management Inc. now owns 2,264,395 shares of the company’s stock worth $28,894,000 after acquiring an additional 17,045 shares during the last quarter. Trexquant Investment LP lifted its position in Liberty Global by 15.2% in the 4th quarter. Trexquant Investment LP now owns 369,084 shares of the company’s stock valued at $4,710,000 after acquiring an additional 48,633 shares in the last quarter. Diametric Capital LP boosted its stake in Liberty Global by 61.4% during the 4th quarter. Diametric Capital LP now owns 72,880 shares of the company’s stock valued at $930,000 after purchasing an additional 27,732 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Liberty Global by 65.4% in the 4th quarter. Franklin Resources Inc. now owns 2,659,730 shares of the company’s stock worth $33,938,000 after purchasing an additional 1,051,458 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $9.59 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. The stock has a 50-day simple moving average of $11.05 and a two-hundred day simple moving average of $12.83. The firm has a market capitalization of $3.34 billion, a PE ratio of 2.29 and a beta of 1.25. Liberty Global Ltd. has a 52-week low of $9.50 and a 52-week high of $21.56.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.83) by ($3.01). Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.09 billion. Analysts forecast that Liberty Global Ltd. will post -1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LBTYA shares. Sanford C. Bernstein downgraded Liberty Global from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $24.70 to $12.40 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.43.

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.