Liberty Global (NASDAQ:LBTYA) Cut to “Underperform” at Bank of America

Bank of America lowered shares of Liberty Global (NASDAQ:LBTYA) from a neutral rating to an underperform rating in a research report sent to investors on Friday morning, Marketbeat.com reports. Bank of America currently has $12.60 price objective on the stock, down from their prior price objective of $13.10.

A number of other equities analysts have also recently commented on LBTYA. Benchmark restated a “buy” rating and set a $27.00 target price on shares of Liberty Global in a report on Tuesday, October 29th. UBS Group cut Liberty Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $13.00 in a report on Monday, November 18th. Citigroup initiated coverage on Liberty Global in a report on Friday, August 9th. They set a “buy” rating and a $25.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their target price on Liberty Global from $38.00 to $23.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays lowered their target price on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Liberty Global presently has a consensus rating of “Hold” and an average price target of $18.94.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $13.42 on Friday. The stock has a market cap of $4.80 billion, a PE ratio of -1.32 and a beta of 1.24. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global has a twelve month low of $10.93 and a twelve month high of $21.56. The stock has a fifty day simple moving average of $18.02 and a 200-day simple moving average of $18.42.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now owns 53,312 shares in the company, valued at $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rubric Capital Management LP grew its holdings in Liberty Global by 43.7% during the second quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock worth $96,320,000 after acquiring an additional 1,680,756 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Liberty Global by 2,799.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after purchasing an additional 4,485,823 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Liberty Global by 2.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 3,658,338 shares of the company’s stock valued at $63,765,000 after purchasing an additional 82,560 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Liberty Global by 212.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock valued at $57,336,000 after purchasing an additional 2,236,696 shares during the last quarter. Finally, ACR Alpine Capital Research LLC grew its holdings in Liberty Global by 11.5% in the second quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company’s stock valued at $53,317,000 after purchasing an additional 314,726 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

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.