Geode Capital Management LLC Purchases 62,745 Shares of Liberty Global Ltd $LBTYA

Geode Capital Management LLC grew its position in Liberty Global Ltd (NASDAQ:LBTYA) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,643,405 shares of the company’s stock after purchasing an additional 62,745 shares during the quarter. Geode Capital Management LLC owned approximately 0.76% of Liberty Global worth $26,464,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. CWM LLC raised its position in shares of Liberty Global by 81.5% in the 1st quarter. CWM LLC now owns 2,285 shares of the company’s stock worth $26,000 after acquiring an additional 1,026 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Liberty Global during the first quarter worth approximately $64,000. Bank of Montreal Can increased its holdings in Liberty Global by 177.2% in the second quarter. Bank of Montreal Can now owns 9,965 shares of the company’s stock worth $100,000 after purchasing an additional 6,370 shares in the last quarter. SageView Advisory Group LLC acquired a new position in Liberty Global in the first quarter valued at approximately $131,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Liberty Global in the first quarter valued at approximately $145,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Price Performance

LBTYA stock opened at $11.40 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50-day simple moving average of $11.09 and a two-hundred day simple moving average of $10.70. The company has a market capitalization of $3.84 billion, a P/E ratio of -1.17 and a beta of 1.12. Liberty Global Ltd has a 52-week low of $9.02 and a 52-week high of $14.30.

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

Analyst Ratings Changes

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

Liberty Global 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.