Liberty Global Ltd (NASDAQ:LBTYA – Get Free Report)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $9.40 and last traded at $9.42, with a volume of 3162885 shares. The stock had previously closed at $9.48.
Wall Street Analysts Forecast Growth
LBTYA has been the topic of several recent research reports. UBS Group cut their price objective on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. Finally, Barclays cut their price target on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.22.
View Our Latest Research Report on Liberty Global
Liberty Global Stock Performance
Liberty Global (NASDAQ:LBTYA – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, equities analysts predict that Liberty Global Ltd will post -1.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Liberty Global
Several hedge funds have recently made changes to their positions in LBTYA. ACR Alpine Capital Research LLC lifted its stake in Liberty Global by 9.7% during the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock valued at $285,866,000 after purchasing an additional 2,097,847 shares during the last quarter. Rubric Capital Management LP grew its position in Liberty Global by 17.3% in the first quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock worth $142,092,000 after buying an additional 1,734,423 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Global by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after buying an additional 521,750 shares in the last quarter. Contour Asset Management LLC increased its holdings in shares of Liberty Global by 19.8% in the fourth quarter. Contour Asset Management LLC now owns 5,183,133 shares of the company’s stock valued at $57,740,000 after buying an additional 857,244 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Liberty Global during the 4th quarter valued at $42,238,000. Institutional investors and hedge funds own 37.20% of the company’s stock.
Liberty Global Company Profile
Liberty Global plc is an international telecommunications and investment company focused on broadband, mobile, video, and fixed-line communications services. Through its operating businesses and strategic investments, the company provides connectivity, television, and digital services to consumers and businesses.
Liberty Global has interests in telecommunications operations across Europe. Its portfolio has included Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; Telenet in Belgium; and Sunrise in Switzerland.
Featured Stories
- Five stocks we like better than Liberty Global
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
- Best Buy Is Turning Amazon Fire TV Into a New Advertising Opportunity
- MarketBeat Week in Review – 09/21 – 09/25
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.
