Liberty Global (NASDAQ:LBTYK) Stock Price Down 5.8% – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYK)’s stock price fell 5.8% during trading on Wednesday . The stock traded as low as $11.03 and last traded at $10.9260. 1,545,238 shares were traded during mid-day trading, an increase of 22% from the average session volume of 1,263,378 shares. The stock had previously closed at $11.60.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Liberty Global Trading Down 5.9%

The firm has a market capitalization of $3.69 billion, a PE ratio of -0.68 and a beta of 0.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The company’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $11.48.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $1.31. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Institutional Investors Weigh In On Liberty Global

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rubric Capital Management LP lifted its holdings in shares of Liberty Global by 51.3% during the first quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after purchasing an additional 3,137,779 shares during the period. Dimensional Fund Advisors LP raised its position in Liberty Global by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock worth $92,857,000 after buying an additional 238,052 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in Liberty Global by 7.3% during the 1st quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock worth $80,757,000 after buying an additional 467,869 shares during the last quarter. State Street Corp lifted its stake in Liberty Global by 3.9% during the 4th quarter. State Street Corp now owns 3,164,014 shares of the company’s stock valued at $34,931,000 after acquiring an additional 118,832 shares during the period. Finally, Contour Asset Management LLC grew its stake in shares of Liberty Global by 40.4% during the 4th quarter. Contour Asset Management LLC now owns 2,608,955 shares of the company’s stock worth $28,803,000 after purchasing an additional 750,649 shares during the period. 46.10% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

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.