Liberty Global (NASDAQ:LBTYK) Sees Strong Trading Volume – Here’s Why

Shares of Liberty Global Ltd (NASDAQ:LBTYK) saw an uptick in trading volume on Friday . 1,001,979 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 1,227,196 shares.The stock last traded at $9.5430 and had previously closed at $9.98.

Wall Street Analysts Forecast Growth

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

Liberty Global Stock Performance

The firm has a market capitalization of $3.21 billion, a P/E ratio of -0.60 and a beta of 0.89. The stock has a 50-day moving average of $11.05 and a 200 day moving average of $11.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Insider Activity

In related news, Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total value of $634,700.00. Following the completion of the transaction, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Liberty Global by 113.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 173,975 shares of the company’s stock worth $1,921,000 after purchasing an additional 92,504 shares in the last quarter. ACR Alpine Capital Research LLC raised its position in Liberty Global by 7.3% in the 1st quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock worth $80,757,000 after purchasing an additional 467,869 shares during the last quarter. M&T Bank Corp lifted its holdings in Liberty Global by 481.6% during the 4th quarter. M&T Bank Corp now owns 111,562 shares of the company’s stock worth $1,232,000 after buying an additional 92,379 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Liberty Global during the 4th quarter worth $2,731,000. Finally, Capula Management Ltd boosted its position in Liberty Global by 388.3% in the 1st quarter. Capula Management Ltd now owns 210,109 shares of the company’s stock valued at $2,465,000 after buying an additional 167,080 shares during the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Company Profile

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.