Liberty Global Ltd. (NASDAQ:LBTYA) Shares Sold by Harris Associates L P

Harris Associates L P lessened its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 30.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,594,315 shares of the company’s stock after selling 3,758,223 shares during the period. Harris Associates L P owned approximately 2.40% of Liberty Global worth $181,426,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Liberty Global by 63.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after purchasing an additional 601 shares during the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 975 shares during the period. nVerses Capital LLC bought a new stake in Liberty Global in the second quarter valued at about $75,000. Whittier Trust Co. raised its holdings in shares of Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after buying an additional 8,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Liberty Global by 4,512.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock valued at $156,000 after purchasing an additional 8,754 shares during the period. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Performance

LBTYA opened at $14.10 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $18.61 and its two-hundred day moving average price is $18.51. Liberty Global Ltd. has a 12-month low of $10.93 and a 12-month high of $21.56.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group lowered shares of Liberty Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Citigroup started coverage on shares of Liberty Global in a research note on Friday, August 9th. They set a “buy” rating and a $25.00 price target on the stock. Bank of America raised Liberty Global from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Barclays lowered their price target 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. Finally, Benchmark reiterated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Liberty Global currently has an average rating of “Hold” and a consensus target price of $21.76.

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.