Oaktree Capital Management LP Acquires 1,008,001 Shares of Liberty Global Ltd $LBTYA

Oaktree Capital Management LP increased its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,212,191 shares of the company’s stock after buying an additional 1,008,001 shares during the period. Liberty Global accounts for about 1.4% of Oaktree Capital Management LP’s investment portfolio, making the stock its 13th biggest holding. Oaktree Capital Management LP owned approximately 2.41% of Liberty Global worth $82,204,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in Liberty Global by 79.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after buying an additional 1,238 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Liberty Global by 198.6% in the second quarter. Invesco Ltd. now owns 590,285 shares of the company’s stock valued at $5,909,000 after purchasing an additional 392,616 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in Liberty Global during the 2nd quarter worth approximately $111,000. Quantbot Technologies LP bought a new stake in Liberty Global during the 2nd quarter worth about $880,000. Finally, Norges Bank acquired a new position in shares of Liberty Global during the 2nd quarter worth approximately $37,954,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LBTYA shares. UBS Group lifted their price objective on shares of Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup lifted their price objective on shares of Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Research raised Liberty Global to a “hold” rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.66.

Liberty Global Stock Down 1.9%

Shares of NASDAQ LBTYA opened at $11.07 on Friday. The company has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $10.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.96 and a quick ratio of 0.96. Liberty Global Ltd has a 1 year low of $9.02 and a 1 year high of $13.90. The firm has a market cap of $3.73 billion, a PE ratio of -1.82 and a beta of 1.05.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Thursday, October 30th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.72). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Liberty Global had a negative return on equity of 14.71% and a negative net margin of 41.44%. On average, research analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current year.

About Liberty Global

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.