StockNews.com Initiates Coverage on Liberty Global (NASDAQ:LBTYK)

Investment analysts at StockNews.com assumed coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.

Liberty Global Stock Performance

Shares of NASDAQ LBTYK opened at $13.58 on Wednesday. Liberty Global has a 12-month low of $11.25 and a 12-month high of $22.14. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of -1.34 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $15.23 and a 200 day moving average of $18.25.

Insider Activity

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.86% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of Liberty Global in the third quarter worth about $7,471,000. State Street Corp boosted its position in shares of Liberty Global by 3.6% during the 3rd quarter. State Street Corp now owns 3,797,422 shares of the company’s stock valued at $82,062,000 after acquiring an additional 131,875 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of Liberty Global by 121.1% in the second quarter. Susquehanna International Group LLP now owns 376,698 shares of the company’s stock valued at $6,724,000 after purchasing an additional 206,318 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Liberty Global in the third quarter worth $15,636,000. Finally, DekaBank Deutsche Girozentrale raised its stake in Liberty Global by 296.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 31,522 shares of the company’s stock valued at $668,000 after purchasing an additional 23,568 shares in the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.