Liberty Global (NASDAQ:LBTYK) Cut to Sell at StockNews.com

Liberty Global (NASDAQ:LBTYK) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Liberty Global Trading Down 2.1 %

NASDAQ:LBTYK traded down $0.41 on Wednesday, hitting $18.97. 1,166,809 shares of the stock were exchanged, compared to its average volume of 2,151,579. The stock has a market cap of $7.07 billion, a PE ratio of -2.93 and a beta of 1.12. Liberty Global has a fifty-two week low of $16.03 and a fifty-two week high of $21.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average of $18.00 and a 200-day moving average of $18.35.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share for the quarter. Liberty Global had a negative net margin of 37.27% and a negative return on equity of 14.07%. The firm had revenue of $1.95 billion for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC boosted its position in shares of Liberty Global by 64.4% in the fourth quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company’s stock worth $48,000 after buying an additional 999 shares during the period. Perigon Wealth Management LLC boosted its holdings in Liberty Global by 6.1% in the 1st quarter. Perigon Wealth Management LLC now owns 20,786 shares of the company’s stock worth $367,000 after acquiring an additional 1,188 shares during the period. Caprock Group LLC grew its position in Liberty Global by 9.1% in the first quarter. Caprock Group LLC now owns 15,288 shares of the company’s stock valued at $270,000 after acquiring an additional 1,269 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Liberty Global by 3.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 52,868 shares of the company’s stock valued at $955,000 after purchasing an additional 1,823 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Liberty Global by 1.2% during the fourth quarter. VisionPoint Advisory Group LLC now owns 171,515 shares of the company’s stock worth $3,197,000 after purchasing an additional 2,113 shares in the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.