Liberty Global (NASDAQ:LBTYB) Shares Down 9% – Here’s Why

Liberty Global Ltd (NASDAQ:LBTYB) dropped 9% on Wednesday. The stock traded as low as $11.18 and last traded at $10.9250. Approximately 3,777 shares traded hands during trading, a decline of 86% from the average daily volume of 27,707 shares. The stock had previously closed at $12.00.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Liberty Global presently has a consensus rating of “Sell”.

Liberty Global Trading Down 9.0%

The firm’s 50 day moving average is $12.45 and its 200 day moving average is $12.95. The company has a market cap of $3.73 billion, a PE ratio of -1.22 and a beta of 0.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

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 the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global Ltd. is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line telephone, and video businesses. Its services generally include high-speed internet, wireless communications, digital television, streaming and entertainment offerings, and business connectivity solutions.

The company has operations and strategic investments across Europe, including interests in Virgin Media O2 in the United Kingdom, Telenet in Belgium, VodafoneZiggo in the Netherlands, and Sunrise in Switzerland.