StockNews.com Upgrades Liberty Global (NASDAQ:LBTYK) to Hold

StockNews.com upgraded shares of Liberty Global (NASDAQ:LBTYK) from a sell rating to a hold rating in a report issued on Monday morning.

Liberty Global Stock Performance

Shares of LBTYK opened at $19.33 on Monday. The company has a 50-day simple moving average of $18.84 and a 200-day simple moving average of $18.22. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $7.20 billion, a PE ratio of -2.99 and a beta of 1.12. Liberty Global has a 52-week low of $16.03 and a 52-week high of $21.83.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%.

Hedge Funds Weigh In On Liberty Global

Several hedge funds have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership increased its holdings in Liberty Global by 1.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 8,463,069 shares of the company’s stock valued at $157,752,000 after acquiring an additional 129,585 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Liberty Global by 151.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after buying an additional 2,219,823 shares in the last quarter. Rubric Capital Management LP grew its holdings in shares of Liberty Global by 85.4% during the second quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company’s stock worth $62,671,000 after buying an additional 1,617,711 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Liberty Global by 18.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after buying an additional 447,135 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Liberty Global by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after buying an additional 18,319 shares in the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

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.