abrdn plc Purchases 28,647 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

abrdn plc increased its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 108.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,051 shares of the company’s stock after acquiring an additional 28,647 shares during the period. abrdn plc’s holdings in Liberty Global were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LBTYA. EverSource Wealth Advisors LLC increased its holdings in Liberty Global by 148.1% in the third quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company’s stock valued at $39,000 after purchasing an additional 1,357 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Liberty Global during the 4th quarter valued at about $141,000. Advisor Partners II LLC bought a new stake in Liberty Global in the third quarter worth approximately $209,000. Autumn Glory Partners LLC bought a new position in shares of Liberty Global during the 3rd quarter worth approximately $215,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Liberty Global during the 3rd quarter worth approximately $232,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Down 0.4 %

Liberty Global stock opened at $16.28 on Tuesday. Liberty Global Ltd. has a 1-year low of $15.01 and a 1-year high of $20.56. The firm has a 50 day simple moving average of $17.04 and a 200 day simple moving average of $17.20. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of -1.74 and a beta of 1.18.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($7.88). The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. On average, analysts predict that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

Insider Buying and Selling at Liberty Global

In other news, CAO Jason Waldron sold 11,226 shares of Liberty Global stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares of the company’s stock, valued at approximately $1,363,147.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Bryan H. Hall sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $18.24, for a total value of $456,000.00. Following the transaction, the executive vice president now owns 144,934 shares in the company, valued at $2,643,596.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jason Waldron sold 11,226 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. Insiders sold a total of 113,629 shares of company stock worth $2,046,783 over the last three months. 11.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LBTYA shares. New Street Research restated a “neutral” rating on shares of Liberty Global in a report on Wednesday, February 28th. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a report on Friday, February 23rd. TheStreet raised Liberty Global from a “d+” rating to a “c-” rating in a research report on Thursday, January 25th. Barclays lifted their price target on shares of Liberty Global from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, January 12th. Finally, UBS Group lowered their price objective on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.75.

About Liberty Global

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.