Renaissance Technologies LLC Has $79.36 Million Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Renaissance Technologies LLC lessened its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 0.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,552,952 shares of the company’s stock after selling 33,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Liberty Global were worth $79,358,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. ARGA Investment Management LP lifted its stake in shares of Liberty Global by 1.7% during the 1st quarter. ARGA Investment Management LP now owns 94,600 shares of the company’s stock worth $1,601,000 after buying an additional 1,591 shares during the last quarter. Wedbush Securities Inc. increased its position in Liberty Global by 13.3% during the second quarter. Wedbush Securities Inc. now owns 15,778 shares of the company’s stock worth $275,000 after acquiring an additional 1,855 shares during the period. Bfsg LLC increased its position in Liberty Global by 27.1% during the second quarter. Bfsg LLC now owns 11,030 shares of the company’s stock worth $192,000 after acquiring an additional 2,349 shares during the period. SG Americas Securities LLC increased its position in Liberty Global by 15.8% during the second quarter. SG Americas Securities LLC now owns 20,514 shares of the company’s stock worth $358,000 after acquiring an additional 2,801 shares during the period. Finally, Headlands Technologies LLC raised its position in shares of Liberty Global by 8.4% in the second quarter. Headlands Technologies LLC now owns 38,025 shares of the company’s stock valued at $663,000 after buying an additional 2,931 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Price Performance

Liberty Global stock opened at $20.40 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34. Liberty Global Ltd. has a 52 week low of $15.01 and a 52 week high of $20.60. The stock has a market capitalization of $7.60 billion, a P/E ratio of -3.15 and a beta of 1.16. The stock has a fifty day moving average of $19.13 and a 200-day moving average of $17.75.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.71 EPS for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The company had revenue of $1.87 billion during the quarter. On average, sell-side analysts expect that Liberty Global Ltd. will post -0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LBTYA. Deutsche Bank Aktiengesellschaft boosted their price target on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Citigroup began coverage on Liberty Global in a research note on Friday, August 9th. They issued a “buy” rating and a $25.00 price target for the company. Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Thursday, July 25th. Finally, Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.26.

Liberty Global 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.