ACR Alpine Capital Research LLC Purchases 719,589 Shares of Liberty Global Ltd $LBTYA

ACR Alpine Capital Research LLC grew its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,237,740 shares of the company’s stock after buying an additional 719,589 shares during the quarter. Liberty Global accounts for approximately 4.2% of ACR Alpine Capital Research LLC’s holdings, making the stock its 15th biggest holding. ACR Alpine Capital Research LLC owned approximately 6.23% of Liberty Global worth $243,384,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in Liberty Global by 79.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock valued at $28,000 after acquiring an additional 1,238 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of Liberty Global during the 2nd quarter worth about $46,000. Headlands Technologies LLC purchased a new position in shares of Liberty Global during the 2nd quarter worth about $47,000. Cubist Systematic Strategies LLC bought a new position in Liberty Global during the 1st quarter valued at about $64,000. Finally, CWM LLC raised its position in Liberty Global by 280.8% in the 2nd quarter. CWM LLC now owns 8,702 shares of the company’s stock worth $87,000 after purchasing an additional 6,417 shares during the period. 37.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group boosted their target price on Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Citigroup raised their price target on Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Wednesday, October 8th. Two investment 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.52.

Liberty Global Stock Performance

LBTYA stock opened at $10.52 on Friday. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $12.09. The business has a 50-day moving average price of $10.97 and a 200 day moving average price of $11.02. The company has a market capitalization of $3.54 billion, a P/E ratio of -1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.96 and a quick ratio of 0.96.

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 41.44% and a negative return on equity of 14.71%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, equities research analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Insider Activity

In related 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 transaction of $371,399.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.29% of the company’s stock.

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.