Gabelli Funds LLC Purchases 52,500 Shares of Liberty Global Ltd $LBTYA

Gabelli Funds LLC grew its position in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 4.1% during the third quarter, Holdings Channel reports. The fund owned 1,342,795 shares of the company’s stock after purchasing an additional 52,500 shares during the period. Gabelli Funds LLC’s holdings in Liberty Global were worth $15,388,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake 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 period. Rothschild Investment LLC grew its stake in Liberty Global by 207.4% in the third quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock worth $34,000 after purchasing an additional 2,012 shares during the period. AlphaCore Capital LLC purchased a new stake in Liberty Global in the second quarter worth $46,000. MAI Capital Management raised its holdings in Liberty Global by 27.5% in the third quarter. MAI Capital Management now owns 4,559 shares of the company’s stock worth $52,000 after purchasing an additional 983 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Liberty Global in the second quarter worth $47,000. Institutional investors own 37.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Citigroup boosted their target price on shares of Liberty Global from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. UBS Group lifted their price target 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.40.

Liberty Global Trading Down 2.5%

NASDAQ LBTYA opened at $12.54 on Friday. Liberty Global Ltd has a 12 month low of $9.02 and a 12 month high of $13.52. The stock has a market cap of $4.20 billion, a P/E ratio of -0.60 and a beta of 1.02. The stock’s fifty day moving average price is $11.39 and its 200-day moving average price is $11.31. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($8.14). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%. As a group, equities analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Liberty Global news, CFO Charles H. R. Bracken sold 33,220 shares of Liberty Global stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.29% of the company’s stock.

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.