Liberty Global (NASDAQ:LBTYK) Sees Strong Trading Volume – Should You Buy?

Shares of Liberty Global Ltd (NASDAQ:LBTYK) saw unusually-strong trading volume on Tuesday. Approximately 2,574,724 shares changed hands during mid-day trading, an increase of 85% from the previous session’s volume of 1,390,609 shares. The stock last traded at $7.6340 and had previously closed at $7.46.

Wall Street Analyst Weigh In

Several brokerages recently commented on LBTYK. Weiss Ratings raised Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. Wall Street Zen lowered Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Liberty Global Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average price is $9.54 and its 200-day moving average price is $10.57.

Liberty Global (NASDAQ:LBTYK) last released its earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors have recently bought and sold shares of the stock. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Liberty Global during the first quarter valued at about $42,000. Allworth Financial LP boosted its holdings in shares of Liberty Global by 52.1% in the second quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock worth $48,000 after buying an additional 1,509 shares during the period. Versant Capital Management Inc increased its position in shares of Liberty Global by 90.2% in the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after acquiring an additional 2,292 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Liberty Global in the second quarter worth approximately $70,000. Finally, Royal Bank of Canada increased its position in shares of Liberty Global by 31.7% in the first quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock worth $111,000 after acquiring an additional 2,299 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.