Liberty Global (NASDAQ:LBTYA) Sets New 52-Week Low Following Weak Earnings

Liberty Global Ltd. (NASDAQ:LBTYA - Get Free Report)'s stock price reached a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $9.77 and last traded at $9.83, with a volume of 945875 shares. The stock had previously closed at $10.88.

The company reported ($3.84) earnings per share for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%.

Analyst Ratings Changes

A number of brokerages have recently commented on LBTYA. Deutsche Bank Aktiengesellschaft lowered their price target on Liberty Global from $23.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Liberty Global from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. Finally, Barclays set a $11.00 price target on Liberty Global and gave the company an "equal weight" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.29.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds have recently bought and sold shares of LBTYA. CWM LLC grew its stake in Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company's stock worth $26,000 after purchasing an additional 1,026 shares during the period. Blue Trust Inc. grew its holdings in Liberty Global by 58.1% in the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock worth $38,000 after purchasing an additional 1,081 shares during the period. Versant Capital Management Inc bought a new stake in Liberty Global in the first quarter valued at $50,000. Spire Wealth Management bought a new stake in Liberty Global in the 4th quarter valued at about $59,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Liberty Global during the fourth quarter valued at approximately $73,000. Institutional investors own 37.20% of the company's stock.

Liberty Global Trading Down 1.3 %

The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 2.24 and a beta of 1.23. The firm's 50-day moving average is $11.01 and its 200-day moving average is $12.80. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.