Liberty Global (NASDAQ:LBTYK) Share Price Passes Below 50-Day Moving Average – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYK) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.36 and traded as low as $10.36. Liberty Global shares last traded at $10.46, with a volume of 1,054,357 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on LBTYK shares. Weiss Ratings downgraded shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Global currently has a consensus rating of “Sell”.

Liberty Global Stock Down 0.4%

The firm has a 50-day simple moving average of $11.36 and a 200 day simple moving average of $11.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $3.54 billion, a PE ratio of -0.65 and a beta of 0.89.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion.

Insider Buying and Selling

In related news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the transaction, the director directly owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP grew its holdings in Liberty Global by 51.3% during the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock valued at $108,612,000 after purchasing an additional 3,137,779 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Liberty Global by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock worth $92,857,000 after buying an additional 238,052 shares in the last quarter. ACR Alpine Capital Research LLC lifted its holdings 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 buying an additional 467,869 shares in the last quarter. State Street Corp boosted its position in Liberty Global by 3.9% in the 4th quarter. State Street Corp now owns 3,164,014 shares of the company’s stock valued at $34,931,000 after buying an additional 118,832 shares during the last quarter. Finally, Contour Asset Management LLC grew its stake in shares of Liberty Global by 40.4% during the fourth quarter. Contour Asset Management LLC now owns 2,608,955 shares of the company’s stock valued at $28,803,000 after acquiring an additional 750,649 shares in the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

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.