Liberty Global Ltd. (NASDAQ:LBTYA) Stake Lowered by Hi Line Capital Management LLC

Hi Line Capital Management LLC reduced its position in Liberty Global Ltd. (NASDAQ:LBTYA) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,101,050 shares of the company’s stock after selling 5,121 shares during the period. Liberty Global accounts for about 6.6% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Hi Line Capital Management LLC’s holdings in Liberty Global were worth $18,630,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bfsg LLC bought a new position in shares of Liberty Global during the fourth quarter valued at approximately $106,000. Anchor Investment Management LLC bought a new position in shares of Liberty Global during the fourth quarter valued at approximately $141,000. Tevis Investment Management bought a new position in Liberty Global in the first quarter worth approximately $180,000. Corton Capital Inc. bought a new position in Liberty Global in the third quarter worth approximately $246,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in Liberty Global in the fourth quarter worth approximately $302,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LBTYA has been the topic of several research analyst reports. Barclays dropped their price objective on Liberty Global from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Benchmark reissued a “buy” rating and issued a $33.00 price objective on shares of Liberty Global in a research note on Thursday, May 2nd. Finally, HSBC cut Liberty Global from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $26.00 to $20.00 in a research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.25.

Liberty Global Stock Performance

Shares of LBTYA traded down $0.01 during midday trading on Monday, hitting $17.42. 695,917 shares of the company’s stock traded hands, compared to its average volume of 1,822,659. Liberty Global Ltd. has a 1 year low of $15.01 and a 1 year high of $20.56. The firm’s fifty day moving average is $16.95 and its 200-day moving average is $17.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share (EPS) for the quarter. The company had revenue of $1.95 billion during the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%. During the same quarter last year, the business earned ($1.59) EPS. Research analysts expect that Liberty Global Ltd. will post -0.61 EPS for the current year.

Insider Buying and Selling

In related news, Director J David Wargo sold 30,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the completion of the transaction, the director now owns 159,632 shares in the company, valued at approximately $2,769,615.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.51% of the stock is currently owned by company insiders.

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.