Handelsbanken Fonder AB Invests $812,000 in Liberty Global Ltd. (NASDAQ:LBTYA)

Handelsbanken Fonder AB bought a new position in Liberty Global Ltd. (NASDAQ:LBTYA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 63,600 shares of the company’s stock, valued at approximately $812,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Liberty Global by 2,799.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after buying an additional 4,485,823 shares in the last quarter. State Street Corp lifted its position in Liberty Global by 36.8% during the third quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after buying an additional 705,780 shares in the last quarter. ING Groep NV acquired a new position in Liberty Global during the third quarter valued at approximately $12,953,000. ARGA Investment Management LP lifted its position in Liberty Global by 72.1% during the fourth quarter. ARGA Investment Management LP now owns 1,010,732 shares of the company’s stock valued at $12,897,000 after buying an additional 423,526 shares in the last quarter. Finally, Mirabella Financial Services LLP lifted its position in Liberty Global by 16.6% during the third quarter. Mirabella Financial Services LLP now owns 2,113,665 shares of the company’s stock valued at $44,619,000 after buying an additional 300,305 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Insider Buying and Selling

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the transaction, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $12.94, for a total transaction of $737,580.00. Following the completion of the sale, the insider now directly owns 16,153 shares in the company, valued at approximately $209,019.82. This trade represents a 77.92 % decrease in their position. The disclosure for this sale can be found here. 11.51% of the stock is owned by company insiders.

Analyst Ratings Changes

LBTYA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. Barclays reduced their target price on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 25th. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Finally, UBS Group cut Liberty Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.75.

Liberty Global Trading Up 0.5 %

Shares of NASDAQ LBTYA opened at $11.56 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $4.13 billion, a P/E ratio of 2.76 and a beta of 1.24. Liberty Global Ltd. has a 52-week low of $10.55 and a 52-week high of $21.56. The stock’s 50 day moving average price is $11.80 and its two-hundred day moving average price is $15.90.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating the consensus estimate of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, analysts anticipate that Liberty Global Ltd. will post -1.35 earnings per share for the current fiscal year.

Liberty Global Company 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.