Exchange Traded Concepts LLC Acquires New Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Exchange Traded Concepts LLC acquired a new stake in Liberty Global Ltd. (NASDAQ:LBTYA) during the fourth quarter, Holdings Channel.com reports. The fund acquired 167,511 shares of the company’s stock, valued at approximately $2,137,000.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 601 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after buying an additional 975 shares during the last quarter. Clifford Capital Partners LLC bought a new stake in shares of Liberty Global during the third quarter worth $227,000. DekaBank Deutsche Girozentrale grew its stake in shares of Liberty Global by 62.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 10,807 shares of the company’s stock worth $227,000 after buying an additional 4,142 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Liberty Global by 8.1% during the third quarter. Private Advisor Group LLC now owns 11,113 shares of the company’s stock worth $235,000 after buying an additional 835 shares during the last quarter. 37.20% of the stock is owned by institutional investors.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.51% of the stock is owned by company insiders.

Liberty Global Price Performance

LBTYA stock opened at $11.88 on Monday. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of -1.17 and a beta of 1.25. 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 Ltd. has a 12-month low of $10.93 and a 12-month high of $21.56. The company’s fifty day simple moving average is $12.72 and its 200 day simple moving average is $17.20.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Liberty Global from $38.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Barclays cut their price target on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. Sanford C. Bernstein lowered shares of Liberty Global from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $24.70 to $12.40 in a report on Thursday. Finally, Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $13.10 to $12.60 in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.13.

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.