Quantbot Technologies LP Acquires 74,265 Shares of Liberty Global Ltd $LBTYA

Quantbot Technologies LP raised its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 84.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,189 shares of the company’s stock after acquiring an additional 74,265 shares during the quarter. Quantbot Technologies LP’s holdings in Liberty Global were worth $1,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LBTYA. Norges Bank purchased a new stake in shares of Liberty Global during the 2nd quarter worth $37,954,000. Covalis Capital LLP bought a new position in Liberty Global in the second quarter worth about $17,054,000. Bank of Nova Scotia lifted its position in shares of Liberty Global by 1,576.5% during the second quarter. Bank of Nova Scotia now owns 1,498,800 shares of the company’s stock valued at $15,003,000 after buying an additional 1,409,400 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Liberty Global by 114.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,343,439 shares of the company’s stock valued at $23,235,000 after buying an additional 1,250,769 shares in the last quarter. Finally, Ilex Capital Partners UK LLP purchased a new position in shares of Liberty Global in the 2nd quarter worth approximately $10,435,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Trading Up 1.2%

NASDAQ:LBTYA opened at $12.77 on Thursday. The company has a market capitalization of $4.28 billion, a P/E ratio of -0.61 and a beta of 1.02. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a 12 month low of $9.02 and a 12 month high of $13.52. The firm has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $11.29.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Wednesday, February 18th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($8.14). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%. On average, equities research analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Insider Activity at Liberty Global

In related news, CFO Charles H. R. Bracken sold 33,220 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $11.18, for a total value of $371,399.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 13.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LBTYA has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, January 22nd. UBS Group increased their price objective on Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, Citigroup boosted their target price on Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.40.

Liberty Global Company Profile

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.