Liberty Global (NASDAQ:LBTYK) Hits New 1-Year Low – Here’s Why

Shares of Liberty Global Ltd (NASDAQ:LBTYK) hit a new 52-week low during trading on Monday. The company traded as low as $7.64 and last traded at $7.60, with a volume of 4,321,321 shares traded. The stock had previously closed at $7.67.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LBTYK. Wall Street Zen lowered Liberty Global from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Liberty Global Price Performance

The stock has a fifty day moving average of $9.69 and a 200-day moving average of $10.66. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $2.60 billion, a P/E ratio of -0.85 and a beta of 0.94.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Institutional Trading of Liberty Global

A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in Liberty Global by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock valued at $40,783,000 after acquiring an additional 127,220 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Liberty Global by 299.2% in the first quarter. Janus Henderson Group PLC now owns 251,900 shares of the company’s stock worth $2,954,000 after acquiring an additional 188,800 shares in the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Liberty Global by 7.3% during the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock worth $80,757,000 after purchasing an additional 467,869 shares during the period. Capula Management Ltd lifted its holdings in shares of Liberty Global by 388.3% during the 1st quarter. Capula Management Ltd now owns 210,109 shares of the company’s stock valued at $2,465,000 after purchasing an additional 167,080 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Global by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock valued at $92,857,000 after purchasing an additional 238,052 shares in the last quarter. Institutional investors own 46.10% of the company’s stock.

About Liberty Global

Liberty Global plc (NASDAQ: LBTYK) is an international telecommunications and media company that invests in and operates broadband, mobile, video, fixed-line and digital infrastructure businesses. Its offerings generally include high-speed internet, wireless connectivity, television services, fixed-line voice, business communications and related digital products.

The company has operations and strategic interests across several European markets. Its portfolio includes Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, a joint venture with Vodafone; Telenet in Belgium; and Sunrise in Switzerland.