66,300 Shares in Liberty Global Ltd (NASDAQ:LBTYA) Acquired by Townsquare Capital LLC

Townsquare Capital LLC purchased a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 66,300 shares of the company’s stock, valued at approximately $763,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC lifted its stake in shares of Liberty Global by 14.1% during the 1st quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company’s stock worth $228,305,000 after acquiring an additional 2,458,406 shares during the last quarter. Wolf Hill Capital Management LP purchased a new position in Liberty Global during the 4th quarter worth $27,413,000. Contour Asset Management LLC purchased a new position in Liberty Global during the 4th quarter worth $25,730,000. Dimensional Fund Advisors LP increased its holdings in Liberty Global by 22.6% during 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. Finally, Bayberry Capital Partners LP purchased a new position in Liberty Global during the 4th quarter worth $13,781,000. 37.20% of the stock is owned by institutional investors.

Liberty Global Trading Up 1.1%

Shares of NASDAQ:LBTYA opened at $11.53 on Friday. Liberty Global Ltd has a 12-month low of $9.02 and a 12-month high of $21.56. The business’s fifty day simple moving average is $10.19 and its 200-day simple moving average is $10.55. The company has a market capitalization of $3.93 billion, a PE ratio of -1.18 and a beta of 1.13. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.20 billion. As a group, equities research analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LBTYA has been the topic of several research reports. Citigroup reduced 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. UBS Group raised their price objective on Liberty Global from $10.60 to $11.80 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Benchmark restated a “buy” rating and set a $21.00 price objective (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. 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. Finally, Berenberg Bank upgraded Liberty Global to a “hold” rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.26.

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.