Liberty Global (NASDAQ:LBTYA) Hits New 52-Week Low – Should You Sell?

Shares of Liberty Global Ltd (NASDAQ:LBTYA) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $7.48 and last traded at $7.50, with a volume of 5,058,799 shares trading hands. The stock had previously closed at $7.80.

Wall Street Analysts Forecast Growth

LBTYA has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. Barclays lowered their price objective on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 18th. UBS Group lowered their price objective on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Liberty Global to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.22.

Liberty Global Price 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 $9.86 and its 200 day moving average price is $10.94.

Liberty Global (NASDAQ:LBTYA) last released its 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). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Equities analysts predict that Liberty Global Ltd will post -1.47 EPS for the current year.

Institutional Trading of Liberty Global

Hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC grew its holdings in shares of Liberty Global by 94.8% during the 2nd quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock worth $3,979,000 after purchasing an additional 170,328 shares in the last quarter. State Street Corp raised its stake in shares of Liberty Global by 8.4% in the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after purchasing an additional 251,727 shares in the last quarter. Amundi acquired a new position in shares of Liberty Global in the first quarter valued at $6,196,000. Bank of New York Mellon Corp acquired a new position in shares of Liberty Global in the second quarter valued at $3,529,000. Finally, Bank of America Corp DE lifted its position in Liberty Global by 16.4% in the first quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock worth $8,162,000 after purchasing an additional 95,244 shares during the period. Institutional investors own 37.20% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line voice and television businesses. Its services generally include high-speed internet, wireless connectivity, digital television, streaming and related communications products for residential and business customers.

The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.