Citigroup Inc. Reduces Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Citigroup Inc. lessened its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 80.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,970 shares of the company’s stock after selling 62,142 shares during the period. Citigroup Inc.’s holdings in Liberty Global were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Graham Capital Management L.P. purchased a new stake in Liberty Global during the 3rd quarter worth about $673,000. GTS Securities LLC lifted its holdings in Liberty Global by 75.3% during the 3rd quarter. GTS Securities LLC now owns 42,966 shares of the company’s stock worth $736,000 after purchasing an additional 18,457 shares in the last quarter. Tudor Investment Corp Et Al lifted its holdings in Liberty Global by 42.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 213,212 shares of the company’s stock worth $3,650,000 after purchasing an additional 63,016 shares in the last quarter. Morgan Stanley lifted its holdings in Liberty Global by 80.4% during the 3rd quarter. Morgan Stanley now owns 2,206,428 shares of the company’s stock worth $37,774,000 after purchasing an additional 983,178 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Liberty Global during the 3rd quarter worth about $219,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LBTYA. UBS Group reduced their price target on Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a research report on Monday, February 26th. HSBC lowered Liberty Global from a “buy” rating to a “hold” rating and reduced their price target for the stock from $26.00 to $20.00 in a research report on Monday, March 18th. Barclays lifted their price objective on Liberty Global from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, January 12th. TheStreet upgraded Liberty Global from a “d+” rating to a “c-” rating in a research report on Thursday, January 25th. Finally, Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.36.

Insider Activity

In other Liberty Global news, Director Paul A. Gould sold 50,000 shares of Liberty Global stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $19.79, for a total transaction of $989,500.00. Following the completion of the transaction, the director now owns 949,059 shares in the company, valued at $18,781,877.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Liberty Global news, EVP Bryan H. Hall sold 15,000 shares of Liberty Global stock in a transaction on Monday, March 11th. The stock was sold at an average price of $18.68, for a total value of $280,200.00. Following the completion of the sale, the executive vice president now owns 129,934 shares of the company’s stock, valued at approximately $2,427,167.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul A. Gould sold 50,000 shares of Liberty Global stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $19.79, for a total value of $989,500.00. Following the completion of the sale, the director now directly owns 949,059 shares of the company’s stock, valued at approximately $18,781,877.61. The disclosure for this sale can be found here. Insiders sold a total of 101,226 shares of company stock worth $1,942,250 in the last quarter. 9.45% of the stock is owned by company insiders.

Liberty Global Trading Up 1.9 %

LBTYA opened at $16.93 on Thursday. The stock has a market cap of $6.39 billion, a PE ratio of -1.80 and a beta of 1.18. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average of $18.27 and a 200-day moving average of $17.29. Liberty Global Ltd. has a 52 week low of $15.01 and a 52 week high of $20.56.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Thursday, February 15th. The company reported ($8.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($7.88). The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. Equities research analysts predict that Liberty Global Ltd. will post -0.61 earnings per share for the current fiscal year.

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.