Liberty Global (NASDAQ:LBTYB) Stock Jumps 5.1% – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYB) shot up 5.1% on Tuesday. The company traded as high as $11.81 and last traded at $12.1650. Approximately 299 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 26,688 shares. The stock had previously closed at $11.58.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Global Stock Performance

The company has a 50-day simple moving average of $12.08 and a two-hundred day simple moving average of $12.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $4.19 billion, a P/E ratio of -1.65 and a beta of 0.50.

Liberty Global (NASDAQ:LBTYB) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.14%.

Hedge Funds Weigh In On Liberty Global

An institutional investor recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC acquired a new position in Liberty Global Ltd (NASDAQ:LBTYB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Global is an international telecommunications company that provides broadband internet, video, mobile and fixed-line voice services through operating businesses and joint ventures. Its consumer brands and services serve residential and business customers in several European markets. The company’s portfolio includes interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands, as well as operating businesses such as Telenet in Belgium. Its structure combines wholly owned businesses with partnerships alongside other telecommunications companies.