Liberty Global Ltd $LBTYA Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP lowered its holdings in Liberty Global Ltd (NASDAQ:LBTYA) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,439,359 shares of the company’s stock after selling 67,332 shares during the period. ARGA Investment Management LP owned about 0.42% of Liberty Global worth $16,495,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in Liberty Global by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 30,107 shares of the company’s stock worth $301,000 after purchasing an additional 1,153 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after acquiring an additional 1,238 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Liberty Global by 1.3% in the second quarter. California State Teachers Retirement System now owns 152,155 shares of the company’s stock valued at $1,523,000 after purchasing an additional 1,999 shares in the last quarter. Lazard Asset Management LLC boosted its position in Liberty Global by 2.2% during the 2nd quarter. Lazard Asset Management LLC now owns 113,135 shares of the company’s stock worth $1,132,000 after acquiring an additional 2,420 shares during the period. Finally, Accurate Wealth Management LLC grew its position in Liberty Global by 7.3% during the second quarter. Accurate Wealth Management LLC now owns 37,035 shares of the company’s stock valued at $379,000 after purchasing an additional 2,505 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

Analyst Ratings Changes

LBTYA has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. Citigroup upped their target price on shares of Liberty Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Finally, UBS Group lifted their target price on shares of Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.52.

Insider Activity at Liberty Global

In other news, CFO Charles H. R. Bracken sold 33,220 shares of Liberty Global stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $11.18, for a total value of $371,399.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.29% of the company’s stock.

Liberty Global Stock Up 3.5%

Liberty Global stock opened at $10.89 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $10.97 and a 200 day simple moving average of $11.03. The company has a market cap of $3.67 billion, a P/E ratio of -1.79 and a beta of 1.04. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $12.09.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly 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 return on equity of 14.71% and a negative net margin of 41.44%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Research analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.