Lancaster Investment Management Reduces Stock Position in Liberty Global Ltd $LBTYA

Lancaster Investment Management lessened its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 13.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,604,640 shares of the company’s stock after selling 549,178 shares during the quarter. Liberty Global makes up approximately 20.6% of Lancaster Investment Management’s portfolio, making the stock its 2nd largest position. Lancaster Investment Management’s holdings in Liberty Global were worth $40,156,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LBTYA. ACR Alpine Capital Research LLC increased its position in Liberty Global by 3.5% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 21,237,740 shares of the company’s stock worth $243,384,000 after buying an additional 719,589 shares during the period. Oaktree Capital Management LP boosted its position in shares of Liberty Global by 4.1% in the third quarter. Oaktree Capital Management LP now owns 8,551,191 shares of the company’s stock valued at $97,997,000 after acquiring an additional 339,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 8,110,169 shares of the company’s stock worth $92,945,000 after acquiring an additional 287,889 shares during the last quarter. Rubric Capital Management LP grew its stake in shares of Liberty Global by 36.2% in the third quarter. Rubric Capital Management LP now owns 7,750,367 shares of the company’s stock worth $88,819,000 after acquiring an additional 2,058,142 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Liberty Global by 227.4% during the third quarter. AQR Capital Management LLC now owns 7,672,437 shares of the company’s stock worth $87,926,000 after acquiring an additional 5,328,998 shares during the period. Institutional investors own 37.20% of the company’s stock.

Analysts Set New Price Targets

LBTYA has been the subject of several research analyst reports. Citigroup upped their target price on shares of Liberty Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Zacks Research downgraded shares of Liberty Global from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. UBS Group upped their price objective on shares of Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $14.40.

Liberty Global Stock Performance

LBTYA opened at $12.28 on Thursday. The stock’s 50 day simple moving average is $11.72 and its 200-day simple moving average is $11.35. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.79. The stock has a market cap of $4.11 billion, a PE ratio of -0.59 and a beta of 1.02. Liberty Global Ltd has a 1 year low of $9.02 and a 1 year high of $13.52.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Wednesday, February 18th. The company reported ($8.60) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Sell-side analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current 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.