Anchor Investment Management LLC Reduces Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Anchor Investment Management LLC lessened its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 50.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,950 shares of the company’s stock after selling 4,000 shares during the period. Anchor Investment Management LLC’s holdings in Liberty Global were worth $69,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LBTYA. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Global by 63.7% during the second 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. nVerses Capital LLC acquired a new position in Liberty Global in the 2nd quarter valued at $75,000. Central Pacific Bank Trust Division purchased a new position in shares of Liberty Global during the 1st quarter worth $91,000. Whittier Trust Co. boosted its holdings in shares of Liberty Global by 21,707.3% during the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock worth $156,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Liberty Global by 4,512.4% in the second 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 during the period. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Down 0.5 %

LBTYA opened at $20.97 on Friday. Liberty Global Ltd. has a 1 year low of $15.01 and a 1 year high of $21.56. The firm has a 50 day moving average price of $19.75 and a 200 day moving average price of $18.11. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $7.82 billion, a PE ratio of -3.24 and a beta of 1.17.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on LBTYA shares. Citigroup began coverage on Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 target price on the stock. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $15.50 to $21.30 in a report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. 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 an average target price of $24.26.

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.