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

Liberty Global Ltd. (NASDAQ:LBTYK)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $10.87 and last traded at $11.00, with a volume of 283443 shares. The stock had previously closed at $11.25.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Liberty Global in a report on Friday, January 17th. They set a “hold” rating for the company.

Liberty Global Trading Up 0.3 %

The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average price is $12.31 and its two-hundred day moving average price is $16.61. The firm has a market cap of $4.26 billion, a PE ratio of 2.84 and a beta of 1.19.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.86) by $7.19. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%.

Insider Buying and Selling

In other news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the completion of the sale, the insider now owns 16,153 shares in the company, valued at approximately $209,019.82. This represents a 77.92 % decrease in their position. The disclosure for this sale can be found here. 9.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Liberty Global in the 4th quarter valued at about $28,000. US Bancorp DE grew its position in shares of Liberty Global by 124.9% in the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the last quarter. State of Wyoming purchased a new position in shares of Liberty Global during the 4th quarter worth approximately $33,000. Deseret Mutual Benefit Administrators raised its position in shares of Liberty Global by 22.5% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company’s stock worth $68,000 after purchasing an additional 578 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Liberty Global in the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.

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.