Liberty Global (NASDAQ:LBTYK) Stock Breaks Below 200 Day Moving Average – Here’s Why

Shares of Liberty Global Ltd (NASDAQ:LBTYK) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $11.07 and traded as low as $9.73. Liberty Global shares last traded at $9.73, with a volume of 1,913,343 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LBTYK shares. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Liberty Global Stock Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -1.03 and a beta of 0.89. The stock has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $11.02.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion.

Hedge Funds Weigh In On Liberty Global

Several hedge funds have recently added to or reduced their stakes in the stock. Rubric Capital Management LP raised its holdings in Liberty Global by 51.3% during the first quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after purchasing an additional 3,137,779 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Liberty Global by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock valued at $92,857,000 after buying an additional 238,052 shares in the last quarter. ACR Alpine Capital Research LLC boosted its holdings in shares of Liberty Global by 7.3% in the 1st quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock valued at $80,757,000 after buying an additional 467,869 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Liberty Global by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock valued at $40,783,000 after buying an additional 127,220 shares during the last quarter. Finally, Contour Asset Management LLC grew its position in shares of Liberty Global by 40.4% in the 4th quarter. Contour Asset Management LLC now owns 2,608,955 shares of the company’s stock valued at $28,803,000 after buying an additional 750,649 shares during the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband internet, video, fixed-line telephone and mobile communications services. Its operations also support business connectivity, digital infrastructure and related technology services for residential and commercial customers.

The company serves customers primarily in Europe through operating businesses and strategic joint ventures. Its portfolio has included Virgin Media O2 in the United Kingdom, Telenet in Belgium, Sunrise in Switzerland and VodafoneZiggo in the Netherlands, as well as other investments in communications, media and technology businesses.