Liberty Global (NASDAQ:LBTYK) Shares Down 5.8% – Here’s Why

Liberty Global Ltd (NASDAQ:LBTYK)’s stock price fell 5.8% during mid-day trading on Wednesday . The stock traded as low as $11.03 and last traded at $10.9260. 1,545,238 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 1,263,378 shares. The stock had previously closed at $11.60.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LBTYK shares. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Liberty Global Price Performance

The company has a market capitalization of $3.65 billion, a P/E ratio of -0.67 and a beta of 0.88. The company’s 50-day moving average price is $11.66 and its two-hundred day moving average price is $11.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11.

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

Insider Buying and Selling at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction that occurred on Tuesday, June 16th. The stock was 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 trade represents a 50.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LBTYK. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Liberty Global during the first quarter worth $42,000. Jones Financial Companies Lllp grew its stake in shares of Liberty Global by 76,160.0% in the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after acquiring an additional 3,808 shares in the last quarter. AlphaCore Capital LLC increased its position in Liberty Global by 180.7% during the fourth quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock worth $51,000 after acquiring an additional 2,964 shares during the period. CWM LLC increased its position in Liberty Global by 28.1% during the fourth 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. Finally, Royal Bank of Canada raised its stake in Liberty Global by 31.7% in the 1st quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock worth $111,000 after purchasing an additional 2,299 shares in the last quarter. Institutional investors own 46.10% of the company’s stock.

About Liberty Global

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.