Highland Peak Capital LLC Invests $13.29 Million in Liberty Global Ltd $LBTYA

Highland Peak Capital LLC bought a new stake in Liberty Global Ltd (NASDAQ:LBTYA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,160,043 shares of the company’s stock, valued at approximately $13,294,000. Liberty Global makes up about 4.4% of Highland Peak Capital LLC’s holdings, making the stock its 8th biggest holding. Highland Peak Capital LLC owned about 0.34% of Liberty Global as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in Liberty Global by 79.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after acquiring an additional 1,238 shares during the period. Rothschild Investment LLC boosted its stake in shares of Liberty Global by 207.4% in the third quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock valued at $34,000 after purchasing an additional 2,012 shares during the period. AlphaCore Capital LLC purchased a new stake in Liberty Global during the 2nd quarter worth $46,000. Headlands Technologies LLC acquired a new position in Liberty Global in the 2nd quarter worth $47,000. Finally, MAI Capital Management lifted its holdings in Liberty Global by 27.5% in the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company’s stock worth $52,000 after buying an additional 983 shares in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Liberty Global Stock Performance

Shares of LBTYA opened at $12.77 on Thursday. The stock has a market capitalization of $4.28 billion, a PE ratio of -0.61 and a beta of 1.02. The business’s fifty day moving average price is $11.33 and its 200 day moving average price is $11.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 1.08. Liberty Global Ltd has a 12-month low of $9.02 and a 12-month high of $13.52.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly 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). Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Equities research analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Charles H. R. Bracken sold 33,220 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $11.18, for a total transaction of $371,399.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.29% of the stock is currently owned by company insiders.

About Liberty Global

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.