Liberty Global (NASDAQ:LBTYA) Position Trimmed by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of Liberty Global (NASDAQ:LBTYA) by 5.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,537,740 shares of the company’s stock after selling 81,007 shares during the period. Geode Capital Management LLC owned about 0.19% of Liberty Global worth $55,078,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. California State Teachers Retirement System bought a new stake in Liberty Global during the 2nd quarter worth approximately $203,000. BNP Paribas Arbitrage SA increased its holdings in Liberty Global by 1,960.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 118,990 shares of the company’s stock worth $4,035,000 after purchasing an additional 113,214 shares in the last quarter. Toronto Dominion Bank increased its holdings in Liberty Global by 204.6% during the 3rd quarter. Toronto Dominion Bank now owns 9,014 shares of the company’s stock worth $306,000 after purchasing an additional 6,055 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Liberty Global by 141.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 376,965 shares of the company’s stock worth $12,783,000 after purchasing an additional 221,108 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Liberty Global by 1.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 105,401 shares of the company’s stock worth $3,666,000 after purchasing an additional 1,995 shares in the last quarter. 23.51% of the stock is currently owned by institutional investors.

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LBTYA traded down $0.87 on Friday, hitting $31.36. The company had a trading volume of 1,422,398 shares, compared to its average volume of 1,338,546. Liberty Global has a 52-week low of $28.17 and a 52-week high of $39.73. The firm has a market capitalization of $26,082.10, a PE ratio of -13.69, a price-to-earnings-growth ratio of 5.75 and a beta of 1.61. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.43 and a quick ratio of 0.43.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Wednesday, February 14th. The company reported ($0.68) earnings per share (EPS) for the quarter. Liberty Global had a negative net margin of 15.83% and a negative return on equity of 21.22%. The business had revenue of $3.99 billion for the quarter. analysts expect that Liberty Global will post 0.59 EPS for the current fiscal year.

Liberty Global announced that its board has approved a share repurchase program on Monday, December 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Several brokerages have weighed in on LBTYA. Morgan Stanley raised Liberty Global from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective for the company in a report on Wednesday, January 17th. Zacks Investment Research downgraded Liberty Global from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BidaskClub upgraded Liberty Global from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Pivotal Research reiterated a “buy” rating and issued a $44.00 price objective on shares of Liberty Global in a research report on Tuesday, December 19th. Finally, Buckingham Research increased their price objective on Liberty Global from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Liberty Global has an average rating of “Buy” and a consensus target price of $41.46.

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Liberty Global Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYA)

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