Sequoia Financial Advisors LLC Trims Stock Position in Liberty Global Ltd (NASDAQ:LBTYA)

Sequoia Financial Advisors LLC cut its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 29.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,633 shares of the company’s stock after selling 8,426 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Liberty Global were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LBTYA. Norges Bank purchased a new position in Liberty Global during the fourth quarter worth about $48,381,000. Wolf Hill Capital Management LP purchased a new position in shares of Liberty Global in the 4th quarter worth about $27,413,000. Contour Asset Management LLC purchased a new position in shares of Liberty Global in the 4th quarter worth about $25,730,000. Vanguard Group Inc. raised its holdings in shares of Liberty Global by 55.3% in the 4th quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company’s stock worth $66,865,000 after purchasing an additional 1,866,197 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Liberty Global by 22.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company’s stock worth $77,482,000 after purchasing an additional 1,117,935 shares during the period. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA opened at $9.97 on Friday. The company has a market cap of $3.44 billion, a P/E ratio of -10.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. Liberty Global Ltd has a one year low of $9.03 and a one year high of $21.56. The business’s 50-day simple moving average is $9.82 and its 200 day simple moving average is $10.93.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a negative net margin of 4.25% and a negative return on equity of 1.15%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.09 billion. On average, sell-side analysts forecast that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LBTYA. UBS Group cut their price objective on Liberty Global from $13.00 to $10.60 and set a “neutral” rating on the stock in a report on Monday, May 12th. Barclays set a $11.00 price objective on Liberty Global and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Berenberg Bank upgraded Liberty Global to a “hold” rating in a report on Thursday, June 26th. Finally, Citigroup cut their price objective on Liberty Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.94.

Liberty Global 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.