Liberty Global (NASDAQ:LBTYA) Price Target Lowered to $20.00 at Barclays

Liberty Global (NASDAQ:LBTYA) had its target price decreased by Barclays from $22.00 to $20.00 in a report released on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

LBTYA has been the topic of several other reports. TheStreet raised Liberty Global from a d+ rating to a c- rating in a research report on Thursday, January 25th. New Street Research reaffirmed a neutral rating on shares of Liberty Global in a research report on Wednesday, February 28th. Bank of America downgraded shares of Liberty Global from a neutral rating to an underperform rating in a research report on Friday, February 23rd. UBS Group cut their target price on Liberty Global from $23.00 to $22.50 and set a buy rating on the stock in a report on Monday, February 26th. Finally, HSBC lowered Liberty Global from a buy rating to a hold rating and lowered their price objective for the company from $26.00 to $20.00 in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $24.25.

Liberty Global Stock Up 0.6 %

Shares of LBTYA traded up $0.10 during mid-day trading on Friday, reaching $16.74. The company’s stock had a trading volume of 1,875,633 shares, compared to its average volume of 1,784,907. The company has a quick ratio of 1.30, a current ratio of 1.28 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.32 billion, a price-to-earnings ratio of -2.59 and a beta of 1.16. The business has a fifty day moving average of $16.92 and a 200 day moving average of $17.18. Liberty Global has a 1 year low of $15.01 and a 1 year high of $20.56.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share (EPS) for the quarter. Liberty Global had a negative net margin of 37.27% and a negative return on equity of 14.07%. The company had revenue of $1.95 billion during the quarter. During the same quarter in the previous year, the company earned ($1.59) EPS. As a group, analysts forecast that Liberty Global will post -0.61 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Andrea Salvato sold 32,403 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $17.70, for a total value of $573,533.10. Following the completion of the sale, the executive vice president now owns 102,286 shares in the company, valued at $1,810,462.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Jason Waldron sold 11,226 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total value of $216,549.54. Following the sale, the chief accounting officer now directly owns 70,666 shares in the company, valued at approximately $1,363,147.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrea Salvato sold 32,403 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $17.70, for a total value of $573,533.10. Following the transaction, the executive vice president now owns 102,286 shares of the company’s stock, valued at approximately $1,810,462.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,629 shares of company stock valued at $2,046,783. 11.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Global

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Liberty Global by 148.1% in the third quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company’s stock worth $39,000 after purchasing an additional 1,357 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Liberty Global during the 1st quarter worth $91,000. Bfsg LLC bought a new position in Liberty Global during the fourth quarter worth about $106,000. Anchor Investment Management LLC bought a new stake in shares of Liberty Global in the fourth quarter worth about $141,000. Finally, Tevis Investment Management acquired a new stake in shares of Liberty Global during the first quarter worth about $180,000. 37.20% of the stock is owned by institutional investors.

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.