Liberty Global (NASDAQ:LBTYK) Sees Strong Trading Volume – Should You Buy?

Liberty Global Ltd (NASDAQ:LBTYK) saw an uptick in trading volume on Tuesday. Approximately 2,574,724 shares traded hands during trading, an increase of 85% from the previous session’s volume of 1,390,609 shares. The stock last traded at $7.6340 and had previously closed at $7.46.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LBTYK shares. Weiss Ratings raised Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. Wall Street Zen cut Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Global Trading Up 2.9%

The company’s 50 day simple moving average is $9.63 and its 200-day simple moving average is $10.63. The firm has a market cap of $2.62 billion, a P/E ratio of -0.85 and a beta of 0.94. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of Liberty Global by 52.1% in the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock worth $48,000 after acquiring an additional 1,509 shares in the last quarter. Versant Capital Management Inc lifted its stake in Liberty Global by 90.2% in the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock valued at $53,000 after purchasing an additional 2,292 shares during the last quarter. Royal Bank of Canada increased its position in Liberty Global by 31.7% in the first quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock worth $111,000 after buying an additional 2,299 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of Liberty Global by 26.4% during the 1st quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock worth $194,000 after acquiring an additional 3,442 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in Liberty Global during the first quarter worth about $42,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.