Liberty Global (NASDAQ:LBTYK) Reaches New 1-Year Low – Time to Sell?

Liberty Global Ltd (NASDAQ:LBTYK) hit a new 52-week low on Monday. The company traded as low as $7.40 and last traded at $7.3960, with a volume of 429,898 shares trading hands. The stock had previously closed at $7.78.

Analyst Ratings Changes

LBTYK has been the subject of several research reports. Weiss Ratings raised Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. Wall Street Zen downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Global Trading Down 3.0%

The business’s 50 day simple moving average is $9.34 and its 200 day simple moving average is $10.78. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -0.84 and a beta of 0.94.

Institutional Investors Weigh In On Liberty Global

Large investors have recently modified their holdings of the stock. Rubric Capital Management LP lifted its holdings in Liberty Global by 51.3% during the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after purchasing an additional 3,137,779 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Liberty Global by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock worth $92,857,000 after buying an additional 238,052 shares during the period. ACR Alpine Capital Research LLC raised its stake in Liberty Global by 7.3% in the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock worth $80,757,000 after buying an additional 467,869 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Liberty Global by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock worth $40,783,000 after buying an additional 127,220 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Liberty Global by 0.9% in the 1st quarter. Gabelli Funds LLC now owns 1,069,264 shares of the company’s stock worth $12,542,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.