Liberty Global (NASDAQ:LBTYK) Reaches New 12-Month Low – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYK) shares reached a new 52-week low on Wednesday. The company traded as low as $9.28 and last traded at $9.2750, with a volume of 688148 shares traded. The stock had previously closed at $9.73.

Analyst Ratings Changes

Several equities analysts recently issued reports on LBTYK shares. Wall Street Zen cut Liberty Global from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Liberty Global Stock Performance

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $10.17 and its two-hundred day moving average price is $11.02. The firm has a market capitalization of $3.15 billion, a PE ratio of -1.03 and a beta of 0.89.

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

Hedge Funds Weigh In On Liberty Global

Institutional investors have recently modified their holdings of the company. Rubric Capital Management LP lifted its stake in shares of Liberty Global by 51.3% in the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock valued at $108,612,000 after purchasing an additional 3,137,779 shares in the last quarter. Deltroit Asset Management UK LLP acquired a new stake in Liberty Global during the 4th quarter worth approximately $21,319,000. Contour Asset Management LLC raised its holdings in Liberty Global by 40.4% in the fourth quarter. Contour Asset Management LLC now owns 2,608,955 shares of the company’s stock valued at $28,803,000 after buying an additional 750,649 shares during the period. ACR Alpine Capital Research LLC lifted its position in Liberty Global by 7.3% during the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock valued at $80,757,000 after buying an additional 467,869 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Liberty Global during the fourth quarter worth approximately $2,731,000. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband internet, video, fixed-line telephone and mobile communications services. Its operations also support business connectivity, digital infrastructure and related technology services for residential and commercial customers.

The company serves customers primarily in Europe through operating businesses and strategic joint ventures. Its portfolio has included Virgin Media O2 in the United Kingdom, Telenet in Belgium, Sunrise in Switzerland and VodafoneZiggo in the Netherlands, as well as other investments in communications, media and technology businesses.