Liberty Global (NASDAQ:LBTYA) Reaches New 1-Year Low – What’s Next?

Liberty Global Ltd. (NASDAQ:LBTYA) reached a new 52-week low during trading on Wednesday . The company traded as low as $10.58 and last traded at $10.70, with a volume of 607399 shares traded. The stock had previously closed at $11.09.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group lowered Liberty Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Barclays decreased their price target on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 25th. Benchmark restated a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a report on Tuesday, October 29th. Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Finally, Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.75.

Liberty Global Trading Down 2.0 %

The business’s 50-day simple moving average is $12.00 and its 200-day simple moving average is $16.27. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market cap of $3.88 billion, a PE ratio of -1.07 and a beta of 1.24.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.92) by $7.25. Liberty Global had a negative return on equity of 22.30% and a negative net margin of 54.02%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, analysts expect that Liberty Global Ltd. will post -1.24 EPS for the current fiscal year.

Insider Activity at Liberty Global

In other Liberty Global news, 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 transaction of $737,580.00. Following the completion of the sale, the insider now owns 16,153 shares of the company’s stock, valued at $209,019.82. This represents a 77.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.51% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently made changes to their positions in the business. ACR Alpine Capital Research LLC raised its stake in Liberty Global by 333.3% during the 4th quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock valued at $221,730,000 after purchasing an additional 13,366,743 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Liberty Global by 2,799.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock worth $98,079,000 after purchasing an additional 4,485,823 shares during the period. Norges Bank acquired a new position in shares of Liberty Global during the fourth quarter valued at about $48,381,000. Wolf Hill Capital Management LP bought a new stake in shares of Liberty Global in the fourth quarter valued at about $27,413,000. Finally, Contour Asset Management LLC acquired a new stake in Liberty Global during the fourth quarter worth about $25,730,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Company Profile

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.