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

Liberty Global Ltd (NASDAQ:LBTYK)’s stock price hit a new 52-week low on Monday. The stock traded as low as $8.65 and last traded at $8.8190, with a volume of 1297458 shares traded. The stock had previously closed at $8.75.

Wall Street Analyst Weigh In

LBTYK has been the subject of a number of recent research reports. Weiss Ratings lowered Liberty Global from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. Wall Street Zen downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Liberty Global Stock Up 1.6%

The firm has a market cap of $3.05 billion, a price-to-earnings ratio of -1.00 and a beta of 0.94. The business’s 50-day moving average is $10.01 and its 200-day moving average is $10.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The firm 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 Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rubric Capital Management LP boosted its position in Liberty Global by 51.3% in the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock valued at $108,612,000 after buying an additional 3,137,779 shares during the last quarter. Contour Asset Management LLC increased its stake 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 period. 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 acquiring an additional 467,869 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Liberty Global during the fourth quarter worth $2,731,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Liberty Global by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock valued at $92,857,000 after acquiring an additional 238,052 shares during the period. 46.10% of the stock is owned by institutional investors and hedge funds.

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.