Proficio Capital Partners LLC Invests $270,000 in Liberty Global Ltd. (NASDAQ:LBTYA)

Proficio Capital Partners LLC acquired a new position in Liberty Global Ltd. (NASDAQ:LBTYA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,131 shares of the company’s stock, valued at approximately $270,000.

Several other large investors have also added to or reduced their stakes in LBTYA. ACR Alpine Capital Research LLC boosted its position in Liberty Global by 333.3% during the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock valued at $221,730,000 after purchasing an additional 13,366,743 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Liberty Global by 2,799.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock worth $98,079,000 after purchasing an additional 4,485,823 shares in the last quarter. State Street Corp boosted its holdings in shares of Liberty Global by 36.8% in the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after buying an additional 705,780 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Liberty Global by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company’s stock valued at $47,778,000 after buying an additional 141,749 shares in the last quarter. Finally, ARGA Investment Management LP increased its holdings in Liberty Global by 72.1% during the fourth quarter. ARGA Investment Management LP now owns 1,010,732 shares of the company’s stock worth $12,897,000 after buying an additional 423,526 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LBTYA. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Finally, Sanford C. Bernstein cut Liberty Global from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. One research 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. According to data from MarketBeat, Liberty Global presently has an average rating of “Hold” and a consensus target price of $17.43.

Liberty Global Trading Up 1.6 %

Shares of LBTYA stock opened at $11.70 on Thursday. Liberty Global Ltd. has a 12-month low of $10.55 and a 12-month high of $21.56. The firm has a 50 day moving average price of $11.50 and a two-hundred day moving average price of $14.92. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $4.08 billion, a PE ratio of 2.79 and a beta of 1.27.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $7.25. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. As a group, analysts predict that Liberty Global Ltd. will post -1.35 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Nicholas V. Tompras sold 57,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the completion of the sale, the insider now directly owns 16,153 shares in the company, valued at approximately $209,019.82. The trade was a 77.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 11.51% of the stock is owned by insiders.

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.