Liberty Global (NASDAQ:LBTYK) Reaches New 52-Week Low – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYK) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $9.94 and last traded at $9.9850, with a volume of 391050 shares trading hands. The stock had previously closed at $9.99.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LBTYK. Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Liberty Global Price Performance

The stock has a market cap of $3.44 billion, a PE ratio of -0.64 and a beta of 0.89. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The company’s fifty day moving average is $11.08 and its 200 day moving average is $11.38.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion.

Insiders Place Their Bets

In related news, Director J David Wargo sold 55,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the sale, the director directly owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. This represents a 50.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Liberty Global in the first quarter valued at about $42,000. Jones Financial Companies Lllp raised its holdings in shares of Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after buying an additional 3,808 shares during the period. AlphaCore Capital LLC lifted its position in Liberty Global by 180.7% during the 4th quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock worth $51,000 after acquiring an additional 2,964 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Liberty Global by 90.2% in the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after acquiring an additional 2,292 shares during the period. Finally, CWM LLC boosted its holdings in Liberty Global by 28.1% in the 4th quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $65,000 after acquiring an additional 1,286 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra?fast broadband, pay television, voice services and mobile offerings.