Baupost Group LLC MA Sells 2,996,306 Shares of Liberty Global Ltd $LBTYA

Baupost Group LLC MA lessened its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 59.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,080,456 shares of the company’s stock after selling 2,996,306 shares during the period. Liberty Global accounts for about 0.4% of Baupost Group LLC MA’s investment portfolio, making the stock its 21st biggest holding. Baupost Group LLC MA owned approximately 0.62% of Liberty Global worth $23,176,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Copley Financial Group Inc. grew its holdings in Liberty Global by 7.8% during the third quarter. Copley Financial Group Inc. now owns 12,801 shares of the company’s stock valued at $147,000 after purchasing an additional 931 shares during the period. MAI Capital Management grew its holdings in Liberty Global by 27.5% during the third quarter. MAI Capital Management now owns 4,559 shares of the company’s stock valued at $52,000 after purchasing an additional 983 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in Liberty Global by 9.0% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,743 shares of the company’s stock valued at $139,000 after purchasing an additional 1,050 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Liberty Global by 79.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock valued at $28,000 after purchasing an additional 1,238 shares during the period. Finally, Caerus Investment Advisors LLC grew its holdings in Liberty Global by 12.7% during the fourth quarter. Caerus Investment Advisors LLC now owns 11,930 shares of the company’s stock valued at $133,000 after purchasing an additional 1,348 shares during the period. Institutional investors own 37.20% of the company’s stock.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $12.46 on Friday. The stock’s 50-day simple moving average is $12.08 and its 200-day simple moving average is $11.69. Liberty Global Ltd has a 52 week low of $9.45 and a 52 week high of $13.52. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -0.78 and a beta of 0.92. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. As a group, analysts expect that Liberty Global Ltd will post -1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LBTYA has been the subject of several recent research reports. Zacks Research raised Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Pivotal Research reissued a “buy” rating and set a $18.00 price target on shares of Liberty Global in a report on Monday, May 4th. UBS Group boosted their price target on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Finally, Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.15.

Liberty Global Profile

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.