Short Interest in Liberty Global Ltd. (NASDAQ:LBTYA) Declines By 5.5%

Liberty Global Ltd. (NASDAQ:LBTYA) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 4,850,000 shares, a decrease of 5.5% from the July 31st total of 5,130,000 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily volume of 1,940,000 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after purchasing an additional 601 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Liberty Global during the 2nd quarter valued at approximately $75,000. Central Pacific Bank Trust Division purchased a new stake in shares of Liberty Global during the 1st quarter valued at approximately $91,000. Bfsg LLC raised its position in shares of Liberty Global by 45.5% during the 1st quarter. Bfsg LLC now owns 8,681 shares of the company’s stock valued at $147,000 after buying an additional 2,715 shares during the period. Finally, Whittier Trust Co. raised its position in shares of Liberty Global by 21,707.3% during the 2nd quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after buying an additional 8,900 shares during the period. 37.20% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Trading Down 0.5 %

LBTYA stock opened at $19.25 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. Liberty Global has a 12-month low of $15.01 and a 12-month high of $20.56. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of -2.98 and a beta of 1.16. The business’s 50-day moving average is $18.71 and its 200 day moving average is $17.62.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The company had revenue of $1.87 billion for the quarter. On average, sell-side analysts anticipate that Liberty Global will post -0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LBTYA shares. 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 on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 12th. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $15.50 to $21.30 in a research note on Monday, August 12th. Finally, Benchmark restated a “buy” rating and set a $27.00 target price on shares of Liberty Global in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Liberty Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.26.

Liberty Global Company 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.