Algert Global LLC Boosts Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Algert Global LLC raised its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 780.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,211 shares of the company’s stock after purchasing an additional 279,430 shares during the period. Algert Global LLC’s holdings in Liberty Global were worth $6,654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LBTYA. Dimensional Fund Advisors LP lifted its stake in shares of Liberty Global by 212.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock worth $57,336,000 after buying an additional 2,236,696 shares in the last quarter. Rubric Capital Management LP raised its stake in Liberty Global by 43.7% during the second quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock worth $96,320,000 after purchasing an additional 1,680,756 shares during the period. ING Groep NV purchased a new position in Liberty Global during the third quarter worth about $12,953,000. Bank of New York Mellon Corp raised its stake in Liberty Global by 677.4% during the second quarter. Bank of New York Mellon Corp now owns 450,017 shares of the company’s stock worth $7,844,000 after purchasing an additional 392,129 shares during the period. Finally, ACR Alpine Capital Research LLC raised its stake in Liberty Global by 11.5% during the second quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company’s stock worth $53,317,000 after purchasing an additional 314,726 shares during the period. 37.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LBTYA shares. Benchmark reaffirmed a “buy” rating and set a $27.00 target price on shares of Liberty Global in a research note on Tuesday, October 29th. Citigroup initiated coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price target for the company. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $13.00 in a research report on Monday, November 18th. Finally, Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.90.

Liberty Global Trading Up 0.5 %

NASDAQ LBTYA opened at $13.32 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global Ltd. has a 52 week low of $10.93 and a 52 week high of $21.56. The stock has a market capitalization of $4.76 billion, a PE ratio of -1.31 and a beta of 1.18. The firm has a 50 day moving average of $19.41 and a two-hundred day moving average of $18.62.

Liberty Global Company 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.