Norges Bank Buys New Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Norges Bank purchased a new position in Liberty Global Ltd. (NASDAQ:LBTYA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,791,590 shares of the company’s stock, valued at approximately $48,381,000. Norges Bank owned approximately 1.06% of Liberty Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Liberty Global by 24.3% during the third quarter. FMR LLC now owns 430,439 shares of the company’s stock valued at $9,087,000 after buying an additional 84,247 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Liberty Global by 98.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,796 shares of the company’s stock valued at $376,000 after acquiring an additional 8,848 shares in the last quarter. HighTower Advisors LLC acquired a new position in Liberty Global during the 3rd quarter valued at about $445,000. Point72 DIFC Ltd purchased a new position in shares of Liberty Global during the third quarter valued at approximately $631,000. Finally, Quantinno Capital Management LP bought a new stake in Liberty Global during the third quarter worth $368,000. Institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Down 6.5 %

LBTYA stock opened at $10.30 on Friday. The stock has a fifty day moving average of $11.43 and a 200-day moving average of $14.54. Liberty Global Ltd. has a fifty-two week low of $10.22 and a fifty-two week high of $21.56. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 2.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion. As a group, equities research analysts predict that Liberty Global Ltd. will post -1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

LBTYA has been the subject of several recent analyst reports. Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $13.10 to $12.60 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Sanford C. Bernstein lowered Liberty Global from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $24.70 to $12.40 in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.43.

Liberty Global Profile

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.