ARGA Investment Management LP Sells 67,332 Shares of Liberty Global Ltd $LBTYA

ARGA Investment Management LP trimmed its stake in Liberty Global Ltd (NASDAQ:LBTYA) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,439,359 shares of the company’s stock after selling 67,332 shares during the period. ARGA Investment Management LP’s holdings in Liberty Global were worth $16,495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Liberty Global by 801.7% during the first quarter. Royal Bank of Canada now owns 120,200 shares of the company’s stock worth $1,383,000 after acquiring an additional 106,870 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Liberty Global in the 1st quarter valued at $64,000. Millennium Management LLC raised its holdings in shares of Liberty Global by 197.8% in the first quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock valued at $17,504,000 after purchasing an additional 1,010,118 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Liberty Global by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock worth $5,201,000 after buying an additional 98,182 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Liberty Global by 26.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,330 shares of the company’s stock worth $362,000 after acquiring an additional 7,589 shares during the period. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $10.89 on Friday. The company’s 50 day simple moving average is $10.97 and its two-hundred day simple moving average is $11.03. The stock has a market capitalization of $3.67 billion, a PE ratio of -1.79 and a beta of 1.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.96 and a quick ratio of 0.96. Liberty Global Ltd has a 1 year low of $9.02 and a 1 year high of $12.09.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Thursday, October 30th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.72). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Liberty Global had a negative return on equity of 14.71% and a negative net margin of 41.44%. Analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 33,220 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $11.18, for a total value of $371,399.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. Finally, Citigroup raised their target price on Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.52.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.