Liberty Global Ltd. (NASDAQ:LBTYA) Sees Large Growth in Short Interest
Liberty Global Ltd. (NASDAQ:LBTYA) experienced a significant increase in short interest, rising 23.0% to 5,300,000 shares by May 15. The days-to-cover ratio stands at 2.4 days, with 3.2% of shares short sold. Analysts have adjusted target prices, with UBS lowering it to $10.60 and Citigroup to $11.00, while Barclays set it at $11.00. The stock is currently trading at $9.65, with a market cap of $3.33 billion. Liberty Global reported a quarterly EPS of ($3.84), missing estimates, and had a revenue of $1.17 billion.
Liberty Global Ltd. (NASDAQ:LBTYA - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 5,300,000 shares, an increase of 23.0% from the April 30th total of 4,310,000 shares. Based on an average daily trading volume, of 2,250,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.2% of the shares of the stock are sold short.
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Analyst Ratings Changes
Several analysts have recently issued reports on LBTYA shares. UBS Group decreased their target price on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Barclays set a $11.00 target price on shares of Liberty Global and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Citigroup cut their target price on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Liberty Global has a consensus rating of "Hold" and an average price target of $14.94.
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Liberty Global Trading Up 0.4%
Liberty Global stock traded up $0.04 during trading on Tuesday, reaching $9.65. 1,953,429 shares of the company were exchanged, compared to its average volume of 2,102,245. The company has a market capitalization of $3.33 billion, a P/E ratio of 2.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. The stock's 50 day simple moving average is $10.25 and its two-hundred day simple moving average is $11.48. Liberty Global has a 52-week low of $9.03 and a 52-week high of $21.56.
Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.09 billion. On average, equities research analysts expect that Liberty Global will post -1.35 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Liberty Global
Several hedge funds have recently made changes to their positions in LBTYA. CWM LLC lifted its holdings in Liberty Global by 81.5% in the first quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after acquiring an additional 1,026 shares during the period. Blue Trust Inc. raised its position in shares of Liberty Global by 58.1% in the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after buying an additional 1,081 shares during the last quarter. Versant Capital Management Inc acquired a new position in Liberty Global in the 1st quarter valued at $50,000. Spire Wealth Management acquired a new position in Liberty Global in the fourth quarter valued at $59,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Liberty Global in the first quarter valued at $64,000. Hedge funds and other institutional investors own 37.20% of the company's stock.
Liberty Global Company Profile
(Get Free Report)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.
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