Rubric Capital Management LP grew its position in Liberty Global Ltd (NASDAQ:LBTYA – Free Report) by 17.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,752,855 shares of the company’s stock after buying an additional 1,734,423 shares during the quarter. Liberty Global accounts for 1.5% of Rubric Capital Management LP’s holdings, making the stock its 15th largest holding. Rubric Capital Management LP’s holdings in Liberty Global were worth $142,092,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC purchased a new position in shares of Liberty Global during the first quarter valued at $231,000. Quantinno Capital Management LP lifted its stake in Liberty Global by 34.8% in the first quarter. Quantinno Capital Management LP now owns 932,152 shares of the company’s stock worth $11,270,000 after acquiring an additional 240,763 shares during the period. Copley Financial Group Inc. grew its holdings in Liberty Global by 21.5% during the 1st quarter. Copley Financial Group Inc. now owns 22,657 shares of the company’s stock worth $274,000 after acquiring an additional 4,013 shares in the last quarter. Troluce Capital Advisors LLC bought a new position in Liberty Global during the 1st quarter worth about $9,759,000. Finally, Entropy Technologies LP increased its position in Liberty Global by 31.5% during the 1st quarter. Entropy Technologies LP now owns 57,603 shares of the company’s stock valued at $696,000 after purchasing an additional 13,796 shares during the period. Institutional investors own 37.20% of the company’s stock.
Liberty Global Price Performance
LBTYA opened at $9.83 on Tuesday. The firm has a market capitalization of $3.32 billion, a PE ratio of -1.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50-day moving average is $11.34 and its two-hundred day moving average is $11.64. Liberty Global Ltd has a 1 year low of $9.43 and a 1 year high of $13.52.
Insider Activity at Liberty Global
In related news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the transaction, the director owned 53,876 shares in the company, valued at $621,729.04. The trade was a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.34% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
LBTYA has been the subject of several recent research reports. Pivotal Research restated a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a report on Monday, May 4th. Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Zacks Research raised shares of Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, UBS Group lowered their target price on Liberty Global from $12.60 to $12.10 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.02.
Check Out Our Latest Report on Liberty Global
About Liberty Global
Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.
The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.
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