Liberty Global Ltd (NASDAQ:LBTYK – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $9.07 and traded as high as $9.36. Liberty Global shares last traded at $9.34, with a volume of 3,939,496 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on LBTYK shares. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Liberty Global currently has an average rating of “Sell”.
View Our Latest Stock Report on Liberty Global
Liberty Global Stock Performance
The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $3.19 billion, a P/E ratio of -1.26 and a beta of 1.00. The business has a 50-day moving average of $9.07 and a two-hundred day moving average of $10.71.
Liberty Global (NASDAQ:LBTYK – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.64. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.71 billion.
Institutional Investors Weigh In On Liberty Global
Several institutional investors have recently bought and sold shares of LBTYK. Rubric Capital Management LP boosted its holdings 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 buying an additional 3,137,779 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Liberty Global by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock worth $92,857,000 after purchasing an additional 238,052 shares in the last quarter. ACR Alpine Capital Research LLC purchased a new stake in shares of Liberty Global in the 3rd quarter valued at about $90,333,000. Envestnet Asset Management Inc. lifted its holdings in shares of Liberty Global by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock valued at $40,783,000 after purchasing an additional 127,220 shares during the last quarter. Finally, Private Management Group Inc. acquired a new stake in shares of Liberty Global in the 3rd quarter valued at about $14,926,000. 46.10% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Global
Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.
Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.
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