Liberty Global (LBTYK) Lowered to “D” at TheStreet

TheStreet cut shares of Liberty Global (NASDAQ:LBTYK) from a c- rating to a d rating in a research report released on Thursday morning.

Separately, ValuEngine raised shares of Liberty Global from a sell rating to a hold rating in a research note on Tuesday, October 2nd.

Shares of Liberty Global stock traded down $0.41 during trading hours on Thursday, reaching $24.51. The company’s stock had a trading volume of 3,338,098 shares, compared to its average volume of 2,840,142. Liberty Global has a one year low of $22.56 and a one year high of $37.86. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.80 earnings per share for the quarter. Liberty Global had a negative net margin of 11.46% and a negative return on equity of 27.88%. The firm had revenue of $3.05 billion for the quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Usca Ria LLC lifted its position in shares of Liberty Global by 14.3% during the second quarter. Usca Ria LLC now owns 15,750 shares of the company’s stock valued at $419,000 after purchasing an additional 1,972 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Liberty Global by 2.3% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 86,536 shares of the company’s stock valued at $2,303,000 after purchasing an additional 1,973 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Liberty Global by 4.3% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 49,599 shares of the company’s stock valued at $1,320,000 after purchasing an additional 2,032 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Liberty Global by 2.0% during the second quarter. Xact Kapitalforvaltning AB now owns 103,917 shares of the company’s stock valued at $2,765,000 after purchasing an additional 2,086 shares in the last quarter. Finally, First Capital Advisors Group LLC. lifted its position in shares of Liberty Global by 35.3% during the second quarter. First Capital Advisors Group LLC. now owns 8,365 shares of the company’s stock valued at $223,000 after purchasing an additional 2,183 shares in the last quarter. 58.26% of the stock is currently owned by institutional investors.

About Liberty Global

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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