Liberty Global (NASDAQ:LBTYA) Cut to “Neutral” at UBS Group

UBS Group cut shares of Liberty Global (NASDAQ:LBTYA) from a buy rating to a neutral rating in a research report released on Monday, MarketBeat Ratings reports. The firm currently has $13.00 target price on the stock, down from their prior target price of $23.00.

A number of other research analysts have also recently issued reports on LBTYA. Citigroup assumed coverage on shares of Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 price target for the company. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $15.50 to $21.30 in a research note on Monday, August 12th. Finally, Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.90.

Liberty Global Trading Down 0.2 %

NASDAQ LBTYA opened at $13.25 on Monday. The firm has a market cap of $4.74 billion, a PE ratio of -1.31 and a beta of 1.18. Liberty Global has a 52 week low of $10.93 and a 52 week high of $21.56. 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 company has a 50 day moving average price of $19.54 and a 200 day moving average price of $18.64.

Institutional Investors Weigh In On Liberty Global

Large investors have recently made changes to their positions in the stock. Rubric Capital Management LP boosted its position in shares of Liberty Global by 43.7% during the 2nd quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock worth $96,320,000 after purchasing an additional 1,680,756 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Liberty Global by 2,799.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock worth $98,079,000 after acquiring an additional 4,485,823 shares in the last quarter. Thompson Siegel & Walmsley LLC grew 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 valued at $63,765,000 after acquiring an additional 82,560 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Liberty Global by 4.0% during the first quarter. Vanguard Group Inc. now owns 3,446,543 shares of the company’s stock worth $58,316,000 after purchasing an additional 131,077 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Liberty Global by 212.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock valued at $57,336,000 after purchasing an additional 2,236,696 shares in the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

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.