Liberty Global (NASDAQ:LBTYK) Sees Large Volume Increase – Time to Buy?

Liberty Global Ltd. (NASDAQ:LBTYK) saw strong trading volume on Monday . 2,630,420 shares traded hands during trading, an increase of 74% from the previous session’s volume of 1,513,991 shares.The stock last traded at $13.32 and had previously closed at $13.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Liberty Global in a research report on Wednesday, January 1st. They set a “hold” rating on the stock.

Liberty Global Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50-day moving average price is $14.58 and its two-hundred day moving average price is $18.13. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of -1.27 and a beta of 1.21.

Insider Transactions at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. The trade was a 61.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LBTYK. Bank of New York Mellon Corp increased its position in shares of Liberty Global by 127.8% in 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 purchasing an additional 308,324 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Liberty Global in the second quarter valued at $228,000. Rhumbline Advisers raised its stake in Liberty Global by 353.0% in the second quarter. Rhumbline Advisers now owns 154,788 shares of the company’s stock valued at $2,763,000 after buying an additional 120,620 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Liberty Global by 90.1% during the 2nd quarter. Victory Capital Management Inc. now owns 43,112 shares of the company’s stock worth $770,000 after buying an additional 20,428 shares during the last quarter. Finally, Caprock Group LLC boosted its position in shares of Liberty Global by 16.1% during the 2nd quarter. Caprock Group LLC now owns 17,746 shares of the company’s stock worth $317,000 after acquiring an additional 2,458 shares in the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

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.