Liberty Global (NASDAQ:LBTYK) Sees Strong Trading Volume – What’s Next?

Shares of Liberty Global Ltd (NASDAQ:LBTYK) saw strong trading volume on Wednesday . 1,731,857 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 904,565 shares.The stock last traded at $12.5880 and had previously closed at $11.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Monday, December 29th. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Global Trading Up 14.8%

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of -2.08 and a beta of 1.00. The company has a 50-day moving average price of $10.93 and a 200 day moving average price of $11.23.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($8.29). Liberty Global had a negative return on equity of 14.71% and a negative net margin of 41.44%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion.

Insider Buying and Selling

In other Liberty Global news, CFO Charles H. R. Bracken sold 33,220 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $11.18, for a total value of $371,399.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 9.86% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Liberty Global by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,678,115 shares of the company’s stock worth $84,768,000 after acquiring an additional 76,444 shares in the last quarter. Rubric Capital Management LP boosted its holdings in Liberty Global by 34.9% in the fourth quarter. Rubric Capital Management LP now owns 6,121,582 shares of the company’s stock worth $67,582,000 after purchasing an additional 1,583,012 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Liberty Global by 16.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,101,558 shares of the company’s stock worth $42,287,000 after buying an additional 568,348 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Liberty Global by 2.2% during the third quarter. Envestnet Asset Management Inc. now owns 3,566,556 shares of the company’s stock valued at $41,907,000 after buying an additional 78,262 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Liberty Global by 3.9% in the fourth quarter. State Street Corp now owns 3,164,014 shares of the company’s stock worth $34,931,000 after buying an additional 118,832 shares during the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.