KLP Kapitalforvaltning AS Acquires Shares of 52,500 Liberty Global Ltd. (NASDAQ:LBTYA)

KLP Kapitalforvaltning AS bought a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,500 shares of the company’s stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LBTYA. Stifel Financial Corp raised its position in Liberty Global by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 12,717 shares of the company’s stock worth $268,000 after purchasing an additional 968 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Liberty Global by 58.1% during the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $38,000 after acquiring an additional 1,081 shares during the period. Bank of New York Mellon Corp boosted its holdings in Liberty Global by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 470,132 shares of the company’s stock valued at $5,999,000 after acquiring an additional 1,615 shares during the last quarter. Swiss National Bank increased its position in Liberty Global by 1.2% in the fourth quarter. Swiss National Bank now owns 323,000 shares of the company’s stock worth $4,121,000 after purchasing an additional 3,800 shares during the period. Finally, Empowered Funds LLC raised its holdings in Liberty Global by 13.1% during the 4th quarter. Empowered Funds LLC now owns 34,177 shares of the company’s stock worth $436,000 after purchasing an additional 3,970 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Trading Down 0.2 %

Shares of NASDAQ LBTYA opened at $11.49 on Wednesday. Liberty Global Ltd. has a twelve month low of $10.55 and a twelve month high of $21.56. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 2.74 and a beta of 1.27. 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 company’s fifty day moving average is $11.49 and its 200-day moving average is $14.65.

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

Analyst Ratings Changes

LBTYA has been the subject of several analyst reports. Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $13.10 to $12.60 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.43.

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.