Sterling Investment Management LLC Cuts Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Sterling Investment Management LLC trimmed its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,582 shares of the company’s stock after selling 1,214 shares during the quarter. Sterling Investment Management LLC’s holdings in Liberty Global were worth $934,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors increased its holdings in Liberty Global by 40.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,821 shares of the company’s stock worth $38,000 after acquiring an additional 520 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Liberty Global by 148.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company’s stock worth $39,000 after purchasing an additional 1,357 shares during the last quarter. Franklin Resources Inc. boosted its stake in Liberty Global by 67.4% during the 4th quarter. Franklin Resources Inc. now owns 2,699 shares of the company’s stock worth $51,000 after purchasing an additional 1,087 shares during the last quarter. Blair William & Co. IL boosted its stake in Liberty Global by 202.1% during the 1st quarter. Blair William & Co. IL now owns 3,018 shares of the company’s stock worth $59,000 after purchasing an additional 2,019 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Liberty Global during the 2nd quarter worth $64,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LBTYA shares. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating in a research note on Friday, February 23rd. New Street Research reissued a “neutral” rating on shares of Liberty Global in a report on Wednesday, February 28th. Barclays increased their target price on shares of Liberty Global from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, January 12th. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a research report on Thursday, January 25th. Finally, HSBC cut shares of Liberty Global from a “buy” rating to a “hold” rating and reduced their price target for the stock from $26.00 to $20.00 in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.36.

Liberty Global Trading Up 1.9 %

LBTYA stock opened at $16.93 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. Liberty Global Ltd. has a twelve month low of $15.01 and a twelve month high of $20.56. The company’s 50 day moving average is $18.27 and its two-hundred day moving average is $17.29.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($7.88). The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. As a group, equities research analysts expect that Liberty Global Ltd. will post -0.61 EPS for the current fiscal year.

Insider Transactions at Liberty Global

In related news, EVP Bryan H. Hall sold 25,000 shares of Liberty Global stock in a transaction on Friday, March 8th. The shares were sold at an average price of $18.24, for a total value of $456,000.00. Following the transaction, the executive vice president now directly owns 144,934 shares in the company, valued at approximately $2,643,596.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Liberty Global news, Director Paul A. Gould sold 50,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $19.79, for a total transaction of $989,500.00. Following the sale, the director now directly owns 949,059 shares in the company, valued at approximately $18,781,877.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan H. Hall sold 25,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $18.24, for a total transaction of $456,000.00. Following the sale, the executive vice president now owns 144,934 shares in the company, valued at $2,643,596.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,226 shares of company stock worth $1,942,250. Insiders own 9.45% of the company’s stock.

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.