Liberty Global (NASDAQ:LBTYA) Sets New 52-Week Low – Time to Sell?

Shares of Liberty Global Ltd (NASDAQ:LBTYA) reached a new 52-week low on Thursday. The stock traded as low as $9.40 and last traded at $9.42, with a volume of 3162885 shares trading hands. The stock had previously closed at $9.48.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays dropped their target price on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. UBS Group lowered their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.22.

Liberty Global Price Performance

The company has a fifty day simple moving average of $10.46 and a 200-day simple moving average of $11.37. The company has a market cap of $3.21 billion, a P/E ratio of -1.05 and a beta of 0.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion. On average, sell-side analysts predict that Liberty Global Ltd will post -1.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LBTYA. Allworth Financial LP increased its position in shares of Liberty Global by 42.1% in the second quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock worth $52,000 after acquiring an additional 1,360 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Liberty Global by 128.8% in the 4th quarter. IFP Advisors Inc now owns 5,640 shares of the company’s stock valued at $63,000 after acquiring an additional 3,175 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Liberty Global by 54.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock worth $74,000 after purchasing an additional 2,137 shares during the period. Trust Co. of Vermont purchased a new position in Liberty Global during the 2nd quarter worth approximately $76,000. Finally, Integrated Wealth Concepts LLC raised its stake in Liberty Global by 26.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock valued at $160,000 after purchasing an additional 2,926 shares during the period. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and investment company focused on broadband, mobile, video, and fixed-line communications services. Through its operating businesses and strategic investments, the company provides connectivity, television, and digital services to consumers and businesses.

Liberty Global has interests in telecommunications operations across Europe. Its portfolio has included Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; Telenet in Belgium; and Sunrise in Switzerland.