Planning Capital Management Corp Sells 6,726 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Planning Capital Management Corp reduced its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 80.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,628 shares of the company’s stock after selling 6,726 shares during the period. Planning Capital Management Corp’s holdings in Liberty Global were worth $34,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LBTYA. Dimensional Fund Advisors LP increased its position in shares of Liberty Global by 212.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock valued at $57,336,000 after purchasing an additional 2,236,696 shares during the last quarter. Rubric Capital Management LP increased its stake in Liberty Global by 43.7% during the 2nd quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock valued at $96,320,000 after purchasing an additional 1,680,756 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Liberty Global by 677.4% in the second quarter. Bank of New York Mellon Corp now owns 450,017 shares of the company’s stock worth $7,844,000 after acquiring an additional 392,129 shares during the period. ACR Alpine Capital Research LLC grew its stake in shares of Liberty Global by 11.5% in the second quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company’s stock worth $53,317,000 after acquiring an additional 314,726 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Liberty Global by 32.8% in the first quarter. Gamco Investors INC. ET AL now owns 1,222,428 shares of the company’s stock worth $20,683,000 after buying an additional 301,639 shares during the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Up 4.6 %

Shares of NASDAQ:LBTYA opened at $12.45 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50-day moving average price of $20.41 and a 200 day moving average price of $18.81. Liberty Global Ltd. has a 12-month low of $10.93 and a 12-month high of $21.56.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Citigroup began coverage on shares of Liberty Global in a research report on Friday, August 9th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.