Public Employees Retirement System of Ohio Makes New $547,000 Investment in Liberty Global Ltd $LBTYA

Public Employees Retirement System of Ohio purchased a new stake in Liberty Global Ltd (NASDAQ:LBTYA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,086 shares of the company’s stock, valued at approximately $547,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LBTYA. Quarry LP acquired a new position in shares of Liberty Global in the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC raised its position in shares of Liberty Global by 79.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after purchasing an additional 1,238 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Liberty Global during the second quarter valued at $47,000. IFP Advisors Inc boosted its position in shares of Liberty Global by 128.8% in the 4th quarter. IFP Advisors Inc now owns 5,640 shares of the company’s stock valued at $63,000 after purchasing an additional 3,175 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Liberty Global in the 1st quarter valued at $64,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Insider Buying and Selling at Liberty Global

In other news, Director J Wargo sold 55,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total value of $634,700.00. Following the transaction, the director owned 53,876 shares in the company, valued at $621,729.04. This represents a 50.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on LBTYA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. UBS Group decreased their target price on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Barclays dropped their target price on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. One research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.22.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $10.62 on Friday. Liberty Global Ltd has a 12 month low of $9.43 and a 12 month high of $13.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.62 billion, a PE ratio of -1.18 and a beta of 0.93. The business has a fifty day simple moving average of $10.57 and a 200-day simple moving average of $11.53.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, sell-side analysts anticipate that Liberty Global Ltd will post -1.54 EPS for the current fiscal year.

Liberty Global 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.