Sei Investments Co. Acquires 178,366 Shares of Liberty Global Ltd $LBTYA

Sei Investments Co. increased its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 167.7% during the first quarter, HoldingsChannel reports. The firm owned 284,718 shares of the company’s stock after buying an additional 178,366 shares during the period. Sei Investments Co.’s holdings in Liberty Global were worth $3,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Liberty Global by 801.7% during the 1st quarter. Royal Bank of Canada now owns 120,200 shares of the company’s stock valued at $1,383,000 after buying an additional 106,870 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Liberty Global during the 1st quarter valued at about $64,000. Millennium Management LLC boosted its position 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 worth $17,504,000 after purchasing an additional 1,010,118 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Liberty Global by 27.8% in 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 during the period. Finally, Prudential Financial Inc. bought a new position in shares of Liberty Global in the second quarter worth about $100,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analyst Upgrades and Downgrades

LBTYA has been the subject of several research analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $18.00 target price on shares of Liberty Global in a research note on Monday, May 4th. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. Finally, UBS Group reduced their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.30.

Insider Activity at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.34% of the company’s stock.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $10.78 on Friday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -1.20 and a beta of 0.94. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. Liberty Global Ltd has a 52-week low of $9.43 and a 52-week high of $13.52. The company’s 50 day moving average is $11.10 and its 200 day moving average is $11.64.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, sell-side analysts anticipate that Liberty Global Ltd will post -1.46 EPS for the current fiscal year.

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.