Liberty Global Ltd (NASDAQ:LBTYA – Get Free Report)’s stock price traded down 5% during mid-day trading on Friday. The stock traded as low as $8.52 and last traded at $8.4850. 1,528,583 shares changed hands during trading, a decline of 38% from the average session volume of 2,467,465 shares. The stock had previously closed at $8.93.
Analyst Ratings Changes
LBTYA has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. 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 report on Tuesday, August 4th. Finally, Barclays lowered their target price on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.22.
Get Our Latest Stock Analysis on Liberty Global
Liberty Global Stock Down 6.2%
Liberty Global (NASDAQ:LBTYA – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. Equities research analysts predict that Liberty Global Ltd will post -1.54 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC raised its stake in Liberty Global by 94.8% during the 2nd quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock valued at $3,979,000 after acquiring an additional 170,328 shares during the last quarter. State Street Corp increased its holdings in shares of Liberty Global by 8.4% in the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after purchasing an additional 251,727 shares during the period. Amundi purchased a new stake in shares of Liberty Global during the first quarter worth approximately $6,196,000. Bank of New York Mellon Corp acquired a new stake in shares of Liberty Global during the second quarter worth $3,529,000. Finally, Bank of America Corp DE lifted its holdings in shares of Liberty Global by 16.4% during the first quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock worth $8,162,000 after purchasing an additional 95,244 shares during the period. 37.20% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Global
Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line voice and television businesses. Its services generally include high-speed internet, wireless connectivity, digital television, streaming and related communications products for residential and business customers.
The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.
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