Handelsbanken Fonder AB Sells 76,606 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Handelsbanken Fonder AB trimmed its position in Liberty Global Ltd. (NASDAQ:LBTYA) by 57.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,730 shares of the company’s stock after selling 76,606 shares during the quarter. Handelsbanken Fonder AB’s holdings in Liberty Global were worth $990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Liberty Global by 148.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company’s stock worth $39,000 after buying an additional 1,357 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Liberty Global during the fourth quarter worth approximately $141,000. Advisor Partners II LLC purchased a new stake in Liberty Global in the 3rd quarter worth $209,000. Autumn Glory Partners LLC purchased a new position in shares of Liberty Global in the third quarter valued at approximately $215,000. Finally, Brown Advisory Inc. purchased a new stake in Liberty Global during the 3rd quarter valued at about $232,000. 37.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Andrea Salvato sold 32,403 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $17.70, for a total transaction of $573,533.10. Following the transaction, the executive vice president now owns 102,286 shares of the company’s stock, valued at $1,810,462.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Jason Waldron sold 11,226 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total value of $216,549.54. Following the sale, the chief accounting officer now owns 70,666 shares of the company’s stock, valued at approximately $1,363,147.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrea Salvato sold 32,403 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $17.70, for a total value of $573,533.10. Following the completion of the sale, the executive vice president now owns 102,286 shares in the company, valued at $1,810,462.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,629 shares of company stock worth $2,046,783. Insiders own 11.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LBTYA. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating in a research report on Friday, February 23rd. TheStreet raised Liberty Global from a “d+” rating to a “c-” rating in a research note on Thursday, January 25th. New Street Research reissued a “neutral” rating on shares of Liberty Global in a research report on Wednesday, February 28th. Citigroup upgraded Liberty Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $20.00 to $24.00 in a report on Friday, February 9th. Finally, UBS Group dropped their target price on Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.75.

Liberty Global Stock Up 1.2 %

Shares of NASDAQ LBTYA opened at $16.35 on Monday. The firm has a market cap of $6.17 billion, a P/E ratio of -1.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. Liberty Global Ltd. has a 1 year low of $15.01 and a 1 year high of $20.56. The firm’s 50 day moving average price is $17.07 and its 200 day moving average price is $17.19.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($7.88). Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, sell-side analysts anticipate that Liberty Global Ltd. will post -0.61 earnings per share for the current 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.