Bank of Montreal Can Acquires 6,370 Shares of Liberty Global Ltd $LBTYA

Bank of Montreal Can boosted its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 177.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,965 shares of the company’s stock after buying an additional 6,370 shares during the quarter. Bank of Montreal Can’s holdings in Liberty Global were worth $100,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LBTYA. Jump Financial LLC purchased a new stake in Liberty Global in the first quarter worth about $3,586,000. Wellington Management Group LLP bought a new position in shares of Liberty Global during the 1st quarter valued at approximately $737,000. Contour Asset Management LLC increased its holdings in Liberty Global by 64.4% in the 1st quarter. Contour Asset Management LLC now owns 3,314,529 shares of the company’s stock worth $38,150,000 after acquiring an additional 1,298,047 shares in the last quarter. Townsquare Capital LLC bought a new stake in Liberty Global during the 1st quarter worth approximately $763,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Liberty Global during the first quarter valued at approximately $652,000. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $11.03 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $14.30. The business has a 50 day simple moving average of $11.15 and a two-hundred day simple moving average of $10.63. The stock has a market capitalization of $3.71 billion, a PE ratio of -1.13 and a beta of 1.12.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Thursday, October 30th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.72). Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, research analysts predict that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LBTYA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Wednesday, October 8th. Zacks Research raised Liberty Global to a “hold” rating in a report on Wednesday, September 3rd. Benchmark reaffirmed a “buy” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Finally, UBS Group increased their target price on Liberty Global from $10.60 to $11.80 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.26.

Insider Buying and Selling

In other Liberty Global news, Director Miranda Curtis sold 42,600 shares of Liberty Global stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the transaction, the director directly owned 129,305 shares of the company’s stock, valued at $1,521,919.85. This trade represents a 24.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 13.29% 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.