UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Liberty Global Ltd. (NASDAQ:LBTYA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 2,799.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,646,088 shares of the company’s stock after buying an additional 4,485,823 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Liberty Global were worth $98,079,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. ING Groep NV purchased a new stake in Liberty Global during the 3rd quarter worth $12,953,000. Scientech Research LLC purchased a new stake in Liberty Global during the 2nd quarter worth $1,390,000. Amalgamated Bank purchased a new stake in Liberty Global during the 2nd quarter worth $480,000. Algert Global LLC purchased a new stake in Liberty Global during the 2nd quarter worth $624,000. Finally, First Foundation Advisors purchased a new position in Liberty Global in the 2nd quarter valued at about $763,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays decreased their price objective on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 25th. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Citigroup assumed coverage on shares of Liberty Global in a research report on Friday, August 9th. They issued 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 Tuesday, October 29th. Finally, UBS Group lowered shares of Liberty Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Liberty Global presently has a consensus rating of “Hold” and an average target price of $21.76.

Liberty Global Price Performance

LBTYA opened at $14.13 on Monday. The company’s 50-day moving average price is $18.75 and its 200 day moving average price is $18.53. Liberty Global Ltd. has a fifty-two week low of $10.93 and a fifty-two week high of $21.56. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of -1.39 and a beta of 1.18. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

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.