Liberty Global (NASDAQ:LBTYK) Sets New 1-Year Low – Here’s What Happened

Liberty Global Ltd. (NASDAQ:LBTYK) hit a new 52-week low on Friday . The stock traded as low as $10.77 and last traded at $10.80, with a volume of 397449 shares trading hands. The stock had previously closed at $11.48.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Liberty Global in a report on Friday, January 17th. They set a “hold” rating for the company.

Liberty Global Price Performance

The company has a market capitalization of $3.73 billion, a P/E ratio of 2.55 and a beta of 1.19. The business’s 50-day moving average is $11.85 and its two-hundred day moving average is $14.91. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYK) last posted its earnings results on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, topping the consensus estimate of ($0.86) by $7.19. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%.

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently added to or reduced their stakes in LBTYK. Envestnet Asset Management Inc. grew its holdings in Liberty Global by 31.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,345,019 shares of the company’s stock valued at $43,954,000 after purchasing an additional 807,953 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 14.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company’s stock worth $82,852,000 after acquiring an additional 796,034 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Liberty Global during the 3rd quarter worth $15,636,000. American Century Companies Inc. raised its stake in Liberty Global by 7,017.5% in the 4th quarter. American Century Companies Inc. now owns 700,362 shares of the company’s stock valued at $9,203,000 after acquiring an additional 690,522 shares during the period. Finally, Millennium Management LLC lifted its holdings in Liberty Global by 268.3% during the fourth quarter. Millennium Management LLC now owns 909,898 shares of the company’s stock valued at $11,956,000 after purchasing an additional 662,827 shares during the last quarter. Institutional investors own 46.10% of the company’s stock.

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.