Liberty Global Ltd. (NASDAQ:LBTYA) Sees Significant Drop in Short Interest

Liberty Global Ltd. (NASDAQ:LBTYA) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 3,860,000 shares, a decrease of 20.9% from the August 31st total of 4,880,000 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,750,000 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of Liberty Global

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after purchasing an additional 601 shares during the period. nVerses Capital LLC purchased a new stake in shares of Liberty Global during the 2nd quarter worth about $75,000. Central Pacific Bank Trust Division acquired a new stake in shares of Liberty Global during the 1st quarter valued at about $91,000. Whittier Trust Co. increased its stake in shares of Liberty Global by 21,707.3% in the 2nd quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after purchasing an additional 8,900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Liberty Global by 4,512.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock worth $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 Down 0.1 %

LBTYA stock traded down $0.02 on Friday, hitting $21.26. 2,608,243 shares of the company’s stock were exchanged, compared to its average volume of 1,748,397. The firm has a 50 day moving average price of $19.53 and a two-hundred day moving average price of $17.97. Liberty Global has a 12-month low of $15.01 and a 12-month high of $21.56. The stock has a market cap of $7.92 billion, a P/E ratio of -3.29 and a beta of 1.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%. The company had revenue of $1.87 billion for the quarter. As a group, equities research analysts expect that Liberty Global will post -0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Liberty Global from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Citigroup started coverage on Liberty Global in a report on Friday, August 9th. They set a “buy” rating and a $25.00 price objective for the company. Benchmark reiterated a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a research note on Thursday, July 25th. Finally, Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.26.

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.