Liberty Global (NASDAQ:LBTYK) Reaches New 52-Week High – Here’s What Happened

Shares of Liberty Global Ltd (NASDAQ:LBTYK) hit a new 52-week high during trading on Thursday . The company traded as high as $13.12 and last traded at $12.67, with a volume of 4793881 shares traded. The stock had previously closed at $11.05.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Global Stock Performance

The company has a market cap of $4.08 billion, a P/E ratio of -0.58 and a beta of 1.00. The stock has a 50 day moving average price of $10.99 and a two-hundred day moving average price of $11.25. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($8.29). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Liberty Global had a negative net margin of 146.30% and a negative return on equity of 58.32%.

Insider Activity at Liberty Global

In related news, CFO Charles H. R. Bracken sold 33,220 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $11.18, for a total transaction of $371,399.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Liberty Global in the second quarter valued at approximately $21,833,000. Deltroit Asset Management UK LLP bought a new position in Liberty Global during the 4th quarter worth $21,319,000. Rubric Capital Management LP raised its holdings in Liberty Global by 34.9% in the 4th quarter. Rubric Capital Management LP now owns 6,121,582 shares of the company’s stock valued at $67,582,000 after acquiring an additional 1,583,012 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in Liberty Global by 269.2% in the 4th quarter. State of Wisconsin Investment Board now owns 1,245,174 shares of the company’s stock valued at $13,747,000 after acquiring an additional 907,906 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Liberty Global by 140.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock valued at $17,059,000 after acquiring an additional 832,838 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.