Teacher Retirement System of Texas Sells 180,095 Shares of Liberty Global Ltd (NASDAQ:LBTYA)

Teacher Retirement System of Texas reduced its position in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 85.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,879 shares of the company’s stock after selling 180,095 shares during the quarter. Teacher Retirement System of Texas’ holdings in Liberty Global were worth $344,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Liberty Global during the 1st quarter valued at about $50,000. New Age Alpha Advisors LLC bought a new stake in shares of Liberty Global during the 4th quarter valued at about $73,000. Friedenthal Financial bought a new stake in shares of Liberty Global during the 1st quarter valued at about $78,000. GAMMA Investing LLC grew its stake in shares of Liberty Global by 2,370.7% during the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company’s stock valued at $78,000 after purchasing an additional 6,472 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake in shares of Liberty Global by 90.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company’s stock valued at $121,000 after purchasing an additional 5,000 shares during the period. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Trading Down 1.0%

Shares of NASDAQ:LBTYA opened at $9.90 on Friday. The stock has a 50 day moving average of $9.81 and a 200 day moving average of $10.76. The company has a market cap of $3.42 billion, a PE ratio of -10.21 and a beta of 1.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. Liberty Global Ltd has a 12-month low of $9.03 and a 12-month high of $21.56.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.09 billion. As a group, equities research analysts expect that Liberty Global Ltd will post -1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.