Counterpoint Mutual Funds LLC Boosts Holdings in Liberty Global Ltd $LBTYA

Counterpoint Mutual Funds LLC increased its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 37.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,524 shares of the company’s stock after acquiring an additional 112,370 shares during the quarter. Liberty Global comprises approximately 0.8% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 14th largest holding. Counterpoint Mutual Funds LLC owned about 0.12% of Liberty Global worth $5,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of LBTYA. Quarry LP acquired a new stake in shares of Liberty Global during the third quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty Global by 79.5% in the 2nd 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 last quarter. Allworth Financial LP acquired a new stake in shares of Liberty Global in the 3rd quarter valued at about $42,000. Headlands Technologies LLC purchased a new position in Liberty Global during the 2nd quarter worth approximately $47,000. Finally, MAI Capital Management grew its stake in Liberty Global by 27.5% during the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company’s stock worth $52,000 after buying an additional 983 shares during the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total value of $634,700.00. Following the transaction, the director owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.34% of the company’s stock.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $11.30 on Friday. 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 Ltd has a 52-week low of $9.62 and a 52-week high of $13.52. The business’s 50-day moving average price is $11.77 and its 200 day moving average price is $11.70. The firm has a market cap of $3.82 billion, a P/E ratio of -0.71 and a beta of 0.93.

Liberty Global (NASDAQ:LBTYA) last posted 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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. On average, equities research analysts expect that Liberty Global Ltd will post -1.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LBTYA. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Pivotal Research restated a “buy” rating and set a $18.00 target price on shares of Liberty Global in a research report on Monday, May 4th. UBS Group raised their target price on shares of Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. Finally, Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Liberty Global currently has an average rating of “Hold” and a consensus target price of $16.15.

Liberty Global Company 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.