Wallace Capital Management Inc. Buys 163,455 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Wallace Capital Management Inc. grew its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 13.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,345,968 shares of the company’s stock after purchasing an additional 163,455 shares during the period. Liberty Global makes up about 3.0% of Wallace Capital Management Inc.’s holdings, making the stock its 5th biggest position. Wallace Capital Management Inc.’s holdings in Liberty Global were worth $23,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LBTYA. Rubric Capital Management LP acquired a new position in Liberty Global during the 4th quarter worth approximately $52,943,000. Dimensional Fund Advisors LP grew its holdings in shares of Liberty Global by 212.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock worth $57,336,000 after acquiring an additional 2,236,696 shares during the period. ACR Alpine Capital Research LLC grew its holdings in shares of Liberty Global by 375.4% in the 1st quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company’s stock worth $46,432,000 after acquiring an additional 2,166,932 shares during the period. Oaktree Capital Management LP grew its holdings in shares of Liberty Global by 40.3% in the 4th quarter. Oaktree Capital Management LP now owns 2,731,000 shares of the company’s stock worth $48,530,000 after acquiring an additional 785,000 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Liberty Global by 677.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 450,017 shares of the company’s stock worth $7,844,000 after acquiring an additional 392,129 shares during the period. Institutional investors and hedge funds own 37.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LBTYA. Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Thursday, July 25th. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $15.50 to $21.30 in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft upped their target price on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Citigroup initiated coverage on Liberty Global in a research note on Friday, August 9th. They issued a “buy” rating and a $25.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.26.

Liberty Global Trading Down 0.1 %

Shares of Liberty Global stock opened at $21.26 on Monday. Liberty Global Ltd. has a fifty-two week low of $15.01 and a fifty-two week high of $21.56. The firm has a market cap of $7.92 billion, a PE ratio of -3.29 and a beta of 1.16. The business’s fifty day moving average is $19.53 and its two-hundred day moving average is $17.98. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. Analysts anticipate that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

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.