Liberty Global (NASDAQ:LBTYK) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYK) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.45 and traded as low as $10.96. Liberty Global shares last traded at $11.08, with a volume of 1,344,206 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Wall Street Zen upgraded 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, According to data from MarketBeat, Liberty Global presently has a consensus rating of “Sell”.

Liberty Global Stock Down 1.0%

The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -0.68 and a beta of 0.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50-day simple moving average is $11.47 and its two-hundred day simple moving average is $11.45.

Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.27 billion.

Insiders Place Their Bets

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the company’s stock in a transaction 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 transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Liberty Global by 140.4% during the first quarter. Bank of America Corp DE now owns 155,820 shares of the company’s stock valued at $1,828,000 after acquiring an additional 91,012 shares during the period. Janus Henderson Group PLC boosted its holdings in Liberty Global by 299.2% in the first quarter. Janus Henderson Group PLC now owns 251,900 shares of the company’s stock valued at $2,954,000 after acquiring an additional 188,800 shares during the last quarter. Arkadios Wealth Advisors increased its position in Liberty Global by 26.4% in the first quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock worth $194,000 after purchasing an additional 3,442 shares during the period. Amundi increased its position in Liberty Global by 318.0% in the first quarter. Amundi now owns 50,244 shares of the company’s stock worth $589,000 after purchasing an additional 38,224 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Liberty Global by 27.9% during the 1st quarter. California State Teachers Retirement System now owns 185,463 shares of the company’s stock worth $2,175,000 after purchasing an additional 40,478 shares during the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

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.