Brokerages Set Liberty Global Ltd. (NASDAQ:LBTYA) Target Price at $24.25

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) have been given an average rating of “Hold” by the seven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.25.

LBTYA has been the subject of a number of research reports. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a research note on Friday, February 23rd. Barclays cut their target price on shares of Liberty Global from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. HSBC lowered shares of 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 research report on Monday, March 18th. Benchmark restated a “buy” rating and issued a $33.00 target price on shares of Liberty Global in a report on Thursday, May 2nd. Finally, UBS Group dropped their price target on Liberty Global from $23.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, February 26th.

Liberty Global Trading Down 1.5 %

Shares of LBTYA opened at $16.16 on Friday. Liberty Global has a 1 year low of $15.01 and a 1 year high of $20.56. The company has a 50 day simple moving average of $16.75 and a two-hundred day simple moving average of $17.28. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $6.02 billion, a P/E ratio of -2.50 and a beta of 1.16.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly 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 for the quarter. During the same quarter in the prior year, the firm posted ($1.59) earnings per share. On average, equities analysts expect that Liberty Global will post -0.61 earnings per share for the current fiscal year.

Insider Activity at Liberty Global

In related news, CAO Jason Waldron sold 11,226 shares of the firm’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 transaction of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares of the company’s stock, valued at approximately $1,363,147.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Liberty Global news, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total value of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares of the company’s stock, valued at approximately $1,363,147.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director J David Wargo sold 30,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the completion of the transaction, the director now owns 159,632 shares in the company, valued at $2,769,615.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,629 shares of company stock worth $2,046,783. Insiders own 11.51% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently made changes to their positions in LBTYA. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 1,357 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Liberty Global in the 1st quarter worth $91,000. Bfsg LLC purchased a new stake in shares of Liberty Global during the 4th quarter worth $106,000. Anchor Investment Management LLC bought a new stake in Liberty Global during the fourth quarter valued at about $141,000. Finally, Tevis Investment Management purchased a new position in Liberty Global in the first quarter valued at about $180,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

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.