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

Liberty Global Ltd (NASDAQ:LBTYK)’s stock price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $8.21 and last traded at $8.5680, with a volume of 3,048,870 shares changing hands. The stock had previously closed at $8.52.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings lowered Liberty Global from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Liberty Global Stock Performance

The business has a 50-day moving average price of $9.83 and a 200-day moving average price of $10.74. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

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

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently modified their holdings of LBTYK. Allworth Financial LP increased its stake in Liberty Global by 52.1% in the second quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock valued at $48,000 after purchasing an additional 1,509 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after buying an additional 2,292 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Liberty Global by 31.7% in the 1st quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock valued at $111,000 after buying an additional 2,299 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Liberty Global by 26.4% in the 1st quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock valued at $194,000 after buying an additional 3,442 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Liberty Global in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc (NASDAQ: LBTYK) is an international telecommunications and media company that invests in and operates broadband, mobile, video, fixed-line and digital infrastructure businesses. Its offerings generally include high-speed internet, wireless connectivity, television services, fixed-line voice, business communications and related digital products.

The company has operations and strategic interests across several European markets. Its portfolio includes Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, a joint venture with Vodafone; Telenet in Belgium; and Sunrise in Switzerland.