Liberty Global (NASDAQ:LBTYK) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Liberty Global Ltd (NASDAQ:LBTYK) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.29 and traded as low as $10.41. Liberty Global shares last traded at $10.51, with a volume of 1,303,372 shares trading hands.

Analyst Upgrades and Downgrades

LBTYK has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. Wall Street Zen lowered Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Global has an average rating of “Sell”.

Liberty Global Trading Down 2.1%

The stock’s fifty day simple moving average is $10.39 and its two-hundred day simple moving average is $11.29. The firm has a market cap of $3.51 billion, a PE ratio of -1.14 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYK) last released its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Insider Transactions at Liberty Global

In other Liberty Global news, Director J David Wargo sold 55,000 shares of Liberty Global 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 completion of the transaction, the director owned 53,876 shares in the company, valued at approximately $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.86% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Liberty Global by 113.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 173,975 shares of the company’s stock worth $1,921,000 after purchasing an additional 92,504 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Liberty Global by 299.2% during the 1st 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 period. Capula Management Ltd lifted its stake in Liberty Global by 388.3% during the 1st quarter. Capula Management Ltd now owns 210,109 shares of the company’s stock valued at $2,465,000 after acquiring an additional 167,080 shares during the period. ACR Alpine Capital Research LLC boosted its holdings in shares of Liberty Global by 7.3% during the 1st quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock valued at $80,757,000 after acquiring an additional 467,869 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock worth $92,857,000 after acquiring an additional 238,052 shares during the period. 46.10% of the stock is currently owned by institutional investors.

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.