JPMorgan Chase & Co. Purchases 66,118 Shares of Liberty Global Ltd $LBTYA

JPMorgan Chase & Co. boosted its position in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 59.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,411 shares of the company’s stock after purchasing an additional 66,118 shares during the period. JPMorgan Chase & Co. owned about 0.05% of Liberty Global worth $2,022,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Liberty Global during the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Global by 79.5% in the 2nd 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 in the last quarter. Rothschild Investment LLC grew its holdings in shares of Liberty Global by 207.4% in the 3rd quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock valued at $34,000 after acquiring an additional 2,012 shares in the last quarter. Allworth Financial LP bought a new position in shares of Liberty Global in the 3rd quarter valued at about $42,000. Finally, MAI Capital Management grew its holdings in shares of Liberty Global by 27.5% in the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company’s stock valued at $52,000 after acquiring an additional 983 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Trading Down 1.0%

Liberty Global stock opened at $12.37 on Wednesday. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $13.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $4.14 billion, a P/E ratio of -0.59 and a beta of 1.01. The stock has a 50-day simple moving average of $12.02 and a 200 day simple moving average of $11.38.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($8.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by ($8.14). Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Analysts expect that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LBTYA. UBS Group raised their price objective on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. Finally, Zacks Research cut Liberty Global from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $14.40.

Liberty Global Company Profile

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.