Liberty Global (NASDAQ:LBTYK) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYK)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.36 and traded as low as $10.36. Liberty Global shares last traded at $10.46, with a volume of 1,054,357 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LBTYK shares. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Global has a consensus rating of “Sell”.

Liberty Global Stock Performance

The stock’s 50 day moving average price is $11.32 and its two-hundred day moving average price is $11.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of -0.64 and a beta of 0.89.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion.

Insider Activity

In other news, Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the sale, the director directly owned 53,876 shares in the company, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.86% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors and hedge funds have recently modified their holdings of LBTYK. Royal Bank of Canada raised its holdings in Liberty Global by 22.5% during the first quarter. Royal Bank of Canada now owns 33,798 shares of the company’s stock worth $405,000 after purchasing an additional 6,217 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Liberty Global by 18.0% in the first quarter. AQR Capital Management LLC now owns 80,872 shares of the company’s stock valued at $963,000 after buying an additional 12,330 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Liberty Global by 76,160.0% in the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after buying an additional 3,808 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 worth $17,059,000 after buying an additional 832,838 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Liberty Global by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,852 shares of the company’s stock worth $7,743,000 after buying an additional 15,121 shares during the last quarter. 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.