Liberty Global (NASDAQ:LBTYK) Now Covered by StockNews.com

StockNews.com started coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research report released on Thursday. The firm issued a hold rating on the stock.

Liberty Global Stock Performance

LBTYK stock opened at $12.85 on Thursday. Liberty Global has a 1-year low of $11.25 and a 1-year high of $22.14. 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 stock has a 50-day moving average price of $14.43 and a 200-day moving average price of $18.09. The firm has a market cap of $4.59 billion, a PE ratio of -1.27 and a beta of 1.21.

Insider Transactions at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.86% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC bought a new position in shares of Liberty Global during the third quarter valued at about $7,471,000. State Street Corp lifted its position in shares of Liberty Global by 3.6% during the 3rd quarter. State Street Corp now owns 3,797,422 shares of the company’s stock worth $82,062,000 after buying an additional 131,875 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Liberty Global in the 3rd quarter worth approximately $15,636,000. Susquehanna International Group LLP grew its holdings in shares of Liberty Global by 121.1% in the second quarter. Susquehanna International Group LLP now owns 376,698 shares of the company’s stock valued at $6,724,000 after acquiring an additional 206,318 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Liberty Global by 296.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 31,522 shares of the company’s stock valued at $668,000 after acquiring an additional 23,568 shares during the last quarter. Institutional investors and hedge funds own 46.10% 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.