Liberty Global (NASDAQ:LBTYK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note published on Tuesday. The firm issued a hold rating on the stock.

Liberty Global Stock Performance

NASDAQ:LBTYK opened at $13.01 on Tuesday. The stock has a 50-day simple moving average of $16.06 and a two-hundred day simple moving average of $18.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Global has a 52-week low of $11.25 and a 52-week high of $22.14. The firm has a market capitalization of $4.65 billion, a PE ratio of -1.28 and a beta of 1.20.

Insiders Place Their Bets

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the sale, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Liberty Global

Several hedge funds and other institutional investors have recently bought and sold shares of LBTYK. Bank of New York Mellon Corp lifted its holdings in Liberty Global by 127.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 549,496 shares of the company’s stock valued at $9,808,000 after buying an additional 308,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Liberty Global by 51.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,249 shares of the company’s stock valued at $986,000 after acquiring an additional 18,724 shares during the period. Principal Financial Group Inc. acquired a new position in Liberty Global in the 2nd quarter worth approximately $228,000. Rothschild Investment LLC acquired a new position in shares of Liberty Global in the 2nd quarter valued at about $71,000. Finally, Rhumbline Advisers raised its position in shares of Liberty Global by 353.0% in the second quarter. Rhumbline Advisers now owns 154,788 shares of the company’s stock worth $2,763,000 after acquiring an additional 120,620 shares during the period. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

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.