Liberty Global (NASDAQ:LBTYK) Sees Strong Trading Volume – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYK) shares saw unusually-strong trading volume on Wednesday . Approximately 1,731,857 shares changed hands during trading, an increase of 91% from the previous session’s volume of 904,565 shares.The stock last traded at $12.5880 and had previously closed at $11.05.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Monday, December 29th. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Global has an average rating of “Sell”.

Liberty Global Trading Up 14.8%

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $4.27 billion, a P/E ratio of -2.08 and a beta of 1.00. The business’s fifty day simple moving average is $10.93 and its two-hundred day simple moving average is $11.23.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($8.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($8.29). Liberty Global had a negative net margin of 41.44% and a negative return on equity of 14.71%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion.

Insider Transactions at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 33,220 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $11.18, for a total value of $371,399.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.86% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Global

Several institutional investors have recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Liberty Global by 62.8% during the second quarter. American Century Companies Inc. now owns 1,840,493 shares of the company’s stock worth $18,975,000 after buying an additional 709,880 shares in the last quarter. Empowered Funds LLC increased its stake in Liberty Global by 106.0% in the second quarter. Empowered Funds LLC now owns 319,409 shares of the company’s stock valued at $3,293,000 after acquiring an additional 164,386 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Liberty Global in the second quarter worth about $2,327,000. Allianz Asset Management GmbH lifted its stake in Liberty Global by 13.0% during the second quarter. Allianz Asset Management GmbH now owns 559,473 shares of the company’s stock worth $5,768,000 after purchasing an additional 64,471 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Liberty Global during the second quarter valued at approximately $390,000. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.