Liberty Global (NASDAQ:LBTYB) Shares Gap Up – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYB)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $12.05, but opened at $12.75. Liberty Global shares last traded at $12.54, with a volume of 3,923 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Liberty Global Trading Up 4.1%

The company has a 50 day moving average of $12.51 and a 200 day moving average of $13.25. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of -1.40 and a beta of 0.42. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYB) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.11% and a negative return on equity of 28.82%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Institutional Trading of Liberty Global

An institutional investor recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC bought a new position in Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,252 shares of the company’s stock, valued at approximately $68,000. Institutional investors and hedge funds own 0.47% of the company’s stock.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that owns, operates and invests in broadband, mobile, fixed-line voice and video businesses. Its consumer services generally include high-speed internet, mobile connectivity, digital television and related communications products, delivered through established regional brands.

The company’s principal activities are concentrated in Europe. Liberty Global has interests in communications businesses serving customers in the United Kingdom, the Netherlands, Belgium and Switzerland, including Virgin Media O2 in the U.K., VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland.