Liberty Global (NASDAQ:LBTYA) Hits New 12-Month Low – Here’s What Happened

Liberty Global Ltd. (NASDAQ:LBTYA) reached a new 52-week low during trading on Friday . The company traded as low as $10.31 and last traded at $10.33, with a volume of 759013 shares trading hands. The stock had previously closed at $11.02.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LBTYA shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Sanford C. Bernstein lowered Liberty Global from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Liberty Global currently has an average rating of “Hold” and a consensus price target of $17.43.

Liberty Global Trading Down 6.5 %

The business’s 50-day moving average is $11.43 and its two-hundred day moving average is $14.50. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3.59 billion, a PE ratio of 2.46 and a beta of 1.25.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.92) by $7.25. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. On average, analysts predict that Liberty Global Ltd. will post -1.35 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently added to or reduced their stakes in LBTYA. Blue Trust Inc. increased its holdings in Liberty Global by 58.1% during the 4th quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $38,000 after purchasing an additional 1,081 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Liberty Global during the first quarter worth approximately $50,000. Spire Wealth Management bought a new stake in shares of Liberty Global in the fourth quarter worth $59,000. New Age Alpha Advisors LLC acquired a new stake in Liberty Global in the fourth quarter valued at $73,000. Finally, VisionPoint Advisory Group LLC bought a new position in Liberty Global during the 4th quarter valued at $123,000. 37.20% of the stock is owned by institutional investors and hedge funds.

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.