Liberty Global (NASDAQ:LBTYK) Sets New 1-Year Low – Here’s What Happened

by · The Markets Daily

Liberty Global Ltd (NASDAQ:LBTYK – Get Free Report) shares hit a new 52-week low on Monday. The stock traded as low as $7.40 and last traded at $7.3960, with a volume of 429,898 shares. The stock had previously closed at $7.78.

Analyst Ratings Changes

LBTYK has been the topic of several research analyst reports. Weiss Ratings raised Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. Wall Street Zen downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Report on Liberty Global

Liberty Global Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day simple moving average of $9.45 and a two-hundred day simple moving average of $10.51. The stock has a market cap of $2.53 billion, a PE ratio of -0.82 and a beta of 0.94.

Liberty Global (NASDAQ:LBTYK – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors have recently made changes to their positions in LBTYK. Rubric Capital Management LP grew its holdings in Liberty Global by 51.3% during the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after acquiring an additional 3,137,779 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock worth $92,857,000 after purchasing an additional 238,052 shares in the last quarter. ACR Alpine Capital Research LLC grew its stake in Liberty Global by 7.3% in the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock worth $80,757,000 after purchasing an additional 467,869 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Liberty Global by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock valued at $40,783,000 after buying an additional 127,220 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Liberty Global by 0.9% in the first quarter. Gabelli Funds LLC now owns 1,069,264 shares of the company’s stock valued at $12,542,000 after buying an additional 10,000 shares during the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

(Get Free Report)

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.

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