Liberty Global (NASDAQ:LBTYA) Hits New 12-Month Low – Time to Sell?

Liberty Global Ltd (NASDAQ:LBTYA)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $8.77 and last traded at $8.7750, with a volume of 1,219,375 shares traded. The stock had previously closed at $9.10.

Analysts Set New Price Targets

A number of research firms recently weighed in on LBTYA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. UBS Group cut their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Barclays decreased their price target on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.22.

Liberty Global Trading Down 3.0%

The stock’s 50 day simple moving average is $10.17 and its two-hundred day simple moving average is $11.12. The stock has a market capitalization of $2.95 billion, a PE ratio of -0.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion. On average, sell-side analysts expect that Liberty Global Ltd will post -1.54 EPS for the current year.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC increased its position in shares of Liberty Global by 94.8% in the second quarter. Squarepoint Ops LLC now owns 349,916 shares of the company’s stock worth $3,979,000 after purchasing an additional 170,328 shares during the last quarter. State Street Corp increased its holdings in shares of Liberty Global by 8.4% in the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock worth $36,896,000 after buying an additional 251,727 shares during the period. Amundi bought a new stake in Liberty Global in the first quarter valued at approximately $6,196,000. Bank of New York Mellon Corp bought a new stake in Liberty Global during the 2nd quarter valued at $3,529,000. Finally, Bank of America Corp DE raised its stake in shares of Liberty Global by 16.4% during the first quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock valued at $8,162,000 after acquiring an additional 95,244 shares during the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line voice and television businesses. Its services generally include high-speed internet, wireless connectivity, digital television, streaming and related communications products for residential and business customers.

The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.