Liberty Global Ltd. (NASDAQ:LBTYA) Given Average Rating of “Hold” by Brokerages

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.94.

A number of equities research analysts recently weighed in on LBTYA shares. Bank of America cut Liberty Global from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Benchmark restated a “buy” rating and set a $27.00 target price on shares of Liberty Global in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $13.00 in a research report on Monday, November 18th. Finally, Barclays decreased their target price on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 25th.

Liberty Global Stock Performance

LBTYA opened at $12.39 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global has a 12-month low of $10.93 and a 12-month high of $21.56. The business has a 50 day moving average of $15.53 and a 200-day moving average of $17.95. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -1.22 and a beta of 1.24.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after buying an additional 601 shares in the last quarter. Blue Trust Inc. raised its stake in Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after acquiring an additional 975 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Liberty Global in the second quarter worth about $75,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Liberty Global by 4,512.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after purchasing an additional 8,754 shares in the last quarter. Finally, Clifford Capital Partners LLC bought a new stake in shares of Liberty Global during the 3rd quarter valued at approximately $227,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

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.