Liberty Global (NASDAQ:LBTYA) Sets New 52-Week Low – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYA)’s stock price reached a new 52-week low during trading on Wednesday. The company traded as low as $8.34 and last traded at $8.3450, with a volume of 364,918 shares traded. The stock had previously closed at $8.55.

Wall Street Analysts Forecast Growth

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

Liberty Global Price 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 50-day simple moving average of $10.07 and a two-hundred day simple moving average of $11.06. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -0.92 and a beta of 0.99.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. On average, equities research analysts predict that Liberty Global Ltd will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds have recently made changes to their positions in LBTYA. ACR Alpine Capital Research LLC boosted its position in shares of Liberty Global by 9.7% during the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock worth $285,866,000 after buying an additional 2,097,847 shares during the period. Rubric Capital Management LP grew its holdings in Liberty Global by 17.3% in the 1st quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock worth $142,092,000 after buying an additional 1,734,423 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Liberty Global by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock worth $106,782,000 after buying an additional 521,750 shares in the last quarter. Contour Asset Management LLC increased its position in Liberty Global by 19.8% in the 4th quarter. Contour Asset Management LLC now owns 5,183,133 shares of the company’s stock valued at $57,740,000 after acquiring an additional 857,244 shares during the period. Finally, State Street Corp increased its position in Liberty Global by 8.4% in the 2nd quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after acquiring an additional 251,727 shares during the period. 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.