BKM Wealth Management LLC Sells 1,098 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

BKM Wealth Management LLC trimmed its holdings in Liberty Global Ltd. (NASDAQ:LBTYA) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,335 shares of the company’s stock after selling 1,098 shares during the quarter. BKM Wealth Management LLC’s holdings in Liberty Global were worth $661,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in Liberty Global by 8.1% during the 3rd quarter. Private Advisor Group LLC now owns 11,113 shares of the company’s stock valued at $235,000 after acquiring an additional 835 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Liberty Global in the third quarter worth about $433,000. Blue Trust Inc. lifted its holdings in Liberty Global by 110.3% during the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after buying an additional 975 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in Liberty Global by 4.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 29,611 shares of the company’s stock valued at $625,000 after buying an additional 1,162 shares during the period. Finally, Wallace Capital Management Inc. grew its stake in Liberty Global by 13.8% in the 2nd quarter. Wallace Capital Management Inc. now owns 1,345,968 shares of the company’s stock worth $23,460,000 after acquiring an additional 163,455 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LBTYA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Citigroup began coverage on shares of Liberty Global in a research note on Friday, August 9th. They set a “buy” rating and a $25.00 price objective for the company. Benchmark restated a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a research note on Thursday, July 25th. Finally, Bank of America raised Liberty Global from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $15.50 to $21.30 in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.26.

Liberty Global Price Performance

NASDAQ LBTYA opened at $20.80 on Friday. The company has a market cap of $7.60 billion, a price-to-earnings ratio of -4.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.34 and a quick ratio of 1.34. The stock’s fifty day moving average price is $20.24 and its 200 day moving average price is $18.49. Liberty Global Ltd. has a 1 year low of $15.01 and a 1 year high of $21.56.

Liberty Global (NASDAQ:LBTYA) last released its 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 firm had revenue of $1.87 billion during the quarter. As a group, equities research analysts forecast that Liberty Global Ltd. will post -0.61 earnings per share 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.