Liberty Global (NASDAQ:LBTYB) Sees Strong Trading Volume – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYB) shares saw unusually-strong trading volume on Monday. Approximately 94,024 shares were traded during trading, an increase of 238% from the previous session’s volume of 27,835 shares. The stock last traded at $12.3650 and had previously closed at $12.41.

Wall Street Analyst Weigh In

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, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Liberty Global Trading Down 2.9%

The company’s 50 day moving average price is $12.49 and its 200 day moving average price is $13.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $4.11 billion, a PE ratio of -1.34 and a beta of 0.42.

Liberty Global (NASDAQ:LBTYB) last announced its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion.

Hedge Funds Weigh In On Liberty Global

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

Liberty Global Company Profile

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.