Hi Line Capital Management LLC Reduces Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Hi Line Capital Management LLC decreased its position in Liberty Global Ltd. (NASDAQ:LBTYA) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,101,050 shares of the company’s stock after selling 5,121 shares during the quarter. Liberty Global makes up approximately 6.6% of Hi Line Capital Management LLC’s portfolio, making the stock its 4th largest holding. Hi Line Capital Management LLC owned 0.29% of Liberty Global worth $18,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ARGA Investment Management LP grew its stake in shares of Liberty Global by 1.7% in the first quarter. ARGA Investment Management LP now owns 94,600 shares of the company’s stock worth $1,601,000 after acquiring an additional 1,591 shares during the last quarter. BKM Wealth Management LLC grew its stake in shares of Liberty Global by 18.8% in the first quarter. BKM Wealth Management LLC now owns 27,352 shares of the company’s stock worth $463,000 after acquiring an additional 4,326 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Liberty Global in the fourth quarter worth $106,000. Anchor Investment Management LLC acquired a new stake in shares of Liberty Global in the fourth quarter worth $141,000. Finally, Tevis Investment Management acquired a new stake in shares of Liberty Global in the first quarter worth $180,000. Institutional investors own 37.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LBTYA shares. Barclays decreased their price target on shares of Liberty Global from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. HSBC downgraded shares of Liberty Global from a “buy” rating to a “hold” rating and decreased their price target for the stock from $26.00 to $20.00 in a research note on Monday, March 18th. Finally, Benchmark reissued a “buy” rating and set a $33.00 price objective on shares of Liberty Global in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Global currently has an average rating of “Hold” and an average price target of $24.25.

Insider Activity at Liberty Global

In other Liberty Global news, Director J David Wargo sold 30,000 shares of the business’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 sale, the director now directly owns 159,632 shares of the company’s stock, valued at approximately $2,769,615.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.51% of the stock is currently owned by company insiders.

Liberty Global Stock Down 0.1 %

Shares of Liberty Global stock traded down $0.01 during trading on Monday, reaching $17.42. The company’s stock had a trading volume of 695,917 shares, compared to its average volume of 1,822,659. The stock has a 50-day moving average price of $16.95 and a two-hundred day moving average price of $17.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 1.28. Liberty Global Ltd. has a one year low of $15.01 and a one year high of $20.56.

Liberty Global (NASDAQ:LBTYA) last released 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 return on equity of 14.07% and a negative net margin of 37.27%. The business had revenue of $1.95 billion during the quarter. During the same period in the prior year, the firm earned ($1.59) earnings per share. Analysts expect that Liberty Global Ltd. will post -0.61 EPS for the current year.

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.