Sei Investments Co. Cuts Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Sei Investments Co. reduced its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 24.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,282 shares of the company’s stock after selling 114,191 shares during the quarter. Sei Investments Co.’s holdings in Liberty Global were worth $6,140,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC raised its holdings in shares of Liberty Global by 375.4% during the first quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company’s stock valued at $46,432,000 after acquiring an additional 2,166,932 shares during the last quarter. GSA Capital Partners LLP raised its stake in Liberty Global by 100.5% in the 1st 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 Liberty Global by 168.4% in the 4th 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 in the last quarter. Nebula Research & Development LLC lifted its holdings in Liberty Global by 296.6% in the 4th 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 in the last quarter. Finally, Nomura Holdings Inc. boosted its stake in Liberty Global by 271.8% during the 4th quarter. Nomura Holdings Inc. now owns 74,369 shares of the company’s stock worth $1,322,000 after purchasing an additional 54,369 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Liberty Global Trading Down 0.7 %

NASDAQ:LBTYA opened at $21.11 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $19.57 and a 200-day simple moving average of $18.01. Liberty Global Ltd. has a 52-week low of $15.01 and a 52-week high of $21.56. The company has a market capitalization of $7.87 billion, a PE ratio of -3.26 and a beta of 1.16.

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%. On average, equities research analysts expect that Liberty Global Ltd. will post -0.61 earnings per share for the current fiscal year.

Liberty Global 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.