Liberty Global Ltd. (NASDAQ:LBTYA) Stock Position Reduced by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 19.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,608,272 shares of the company’s stock after selling 381,152 shares during the quarter. Franklin Resources Inc.’s holdings in Liberty Global were worth $32,905,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rubric Capital Management LP increased its stake in shares of Liberty Global by 43.7% in the second quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock worth $96,320,000 after acquiring an additional 1,680,756 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Liberty Global by 2,799.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after purchasing an additional 4,485,823 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in Liberty Global by 2.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,658,338 shares of the company’s stock worth $63,765,000 after purchasing an additional 82,560 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $57,336,000 after purchasing an additional 2,236,696 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted its holdings in shares of Liberty Global by 11.5% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company’s stock valued at $53,317,000 after buying an additional 314,726 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Stock Down 1.5 %

Liberty Global stock opened at $12.26 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. 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 fifty day moving average price of $16.70 and a two-hundred day moving average price of $18.21. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -1.21 and a beta of 1.24.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a report on Tuesday, October 29th. Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $13.10 to $12.60 in a research note on Friday, December 6th. Barclays reduced 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 note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, UBS Group cut Liberty Global from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $13.00 in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.94.

Insider Transactions at Liberty Global

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.51% of the stock is currently owned by corporate insiders.

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.