Algert Global LLC Buys 279,430 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Algert Global LLC lifted its holdings in Liberty Global Ltd. (NASDAQ:LBTYA) by 780.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 315,211 shares of the company’s stock after purchasing an additional 279,430 shares during the period. Algert Global LLC owned about 0.09% of Liberty Global worth $6,654,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of LBTYA. ING Groep NV purchased a new stake in Liberty Global during the third quarter valued at approximately $12,953,000. Scientech Research LLC purchased a new stake in Liberty Global during the second quarter valued at approximately $1,390,000. Amalgamated Bank purchased a new stake in Liberty Global during the second quarter valued at approximately $480,000. First Foundation Advisors purchased a new stake in Liberty Global during the second quarter valued at approximately $763,000. Finally, Private Management Group Inc. lifted its position in Liberty Global by 34.5% during the second quarter. Private Management Group Inc. now owns 1,066,464 shares of the company’s stock valued at $18,588,000 after acquiring an additional 273,294 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analysts Set New Price Targets

LBTYA has been the subject of a number of analyst reports. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their target price for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $13.00 in a report on Monday, November 18th. Finally, Citigroup started coverage on shares of Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 price target for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.90.

Liberty Global Stock Up 0.5 %

NASDAQ:LBTYA opened at $13.32 on Friday. The firm has a market capitalization of $4.76 billion, a P/E ratio of -1.31 and a beta of 1.18. Liberty Global Ltd. has a 1-year low of $10.93 and a 1-year high of $21.56. The company’s fifty day moving average price is $19.41 and its 200-day moving average price is $18.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

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.