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

Shares of Liberty Global Ltd. (NASDAQ:LBTYK) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $9.00 and last traded at $9.00, with a volume of 450 shares changing hands. The stock had previously closed at $21.30.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Global in a research note on Tuesday, October 29th. They issued a “hold” rating for the company.

Liberty Global Stock Down 57.7 %

The firm’s fifty day simple moving average is $21.02 and its 200 day simple moving average is $19.19. The company has a current ratio of 1.19, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. The company has a market cap of $3.29 billion, a price-to-earnings ratio of -2.07 and a beta of 1.14.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently bought and sold shares of LBTYK. US Bancorp DE lifted its holdings in Liberty Global by 124.9% during the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after buying an additional 1,200 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Liberty Global by 41.4% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after acquiring an additional 754 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Liberty Global during the second quarter worth approximately $71,000. Headlands Technologies LLC boosted its holdings in Liberty Global by 173.3% in the first quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock valued at $106,000 after purchasing an additional 3,793 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Liberty Global in the second quarter valued at approximately $109,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.

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.