Principal Financial Group Inc. Makes New $215,000 Investment in Liberty Global Ltd. (NASDAQ:LBTYA)

Principal Financial Group Inc. acquired a new position in Liberty Global Ltd. (NASDAQ:LBTYA) in the 2nd quarter, Holdings Channel reports. The firm acquired 12,336 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ACR Alpine Capital Research LLC lifted its holdings in Liberty Global by 375.4% in the first quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company’s stock worth $46,432,000 after buying an additional 2,166,932 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Liberty Global by 100.5% during the first quarter. GSA Capital Partners LLP now owns 112,688 shares of the company’s stock valued at $1,907,000 after purchasing an additional 56,491 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Liberty Global by 168.4% during the fourth quarter. Hsbc Holdings PLC now owns 97,621 shares of the company’s stock valued at $1,726,000 after purchasing an additional 61,244 shares during the last quarter. Nebula Research & Development LLC lifted its holdings in shares of Liberty Global by 296.6% during the fourth quarter. Nebula Research & Development LLC now owns 58,801 shares of the company’s stock valued at $1,045,000 after purchasing an additional 43,976 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Liberty Global during the fourth quarter valued at approximately $73,550,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Trading Up 1.8 %

Shares of Liberty Global stock opened at $20.04 on Monday. Liberty Global Ltd. has a fifty-two week low of $15.01 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $7.32 billion, a P/E ratio of -3.10 and a beta of 1.16. The company has a fifty day moving average of $19.08 and a 200 day moving average of $17.73.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results 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 business had revenue of $1.87 billion during the quarter. On average, sell-side analysts anticipate that Liberty Global Ltd. will post -0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LBTYA. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Benchmark reaffirmed a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a research report on Thursday, July 25th. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Finally, Citigroup began coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.