Liberty Global (NASDAQ:LBTYA) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Liberty Global's stock price crossed above its 200-day moving average, indicating a potential upward trend, with shares trading at $11.07 after hitting a high of $11.13.
• Analysts have a consensus target price of $14.26 with two "Buy," six "Hold," and two "Sell" ratings on the stock, while the company reported a significant loss of $8.09 EPS last quarter.
• Insider trading indicates that CFO Charles H. R. Bracken sold 60,000 shares of the company's stock, reflecting a substantial decrease in their ownership position.

Shares of Liberty Global Ltd (NASDAQ:LBTYA - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.58 and traded as high as $11.13. Liberty Global shares last traded at $11.07, with a volume of 1,095,070 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research report on Wednesday, October 8th. UBS Group upped their price objective on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Benchmark restated a "buy" rating and set a $21.00 price target (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Zacks Research upgraded Liberty Global to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Berenberg Bank raised Liberty Global to a "hold" rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Liberty Global presently has an average rating of "Hold" and a consensus target price of $14.26.

Liberty Global Price Performance

The company's 50 day moving average is $11.51 and its 200 day moving average is $10.58. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of -1.13 and a beta of 1.15.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. Research analysts anticipate that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Liberty Global news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the sale, the chief financial officer owned 33,220 shares in the company, valued at approximately $375,718.20. This represents a 64.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the sale, the chief accounting officer directly owned 8,383 shares in the company, valued at approximately $96,823.65. The trade was a 80.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,980 shares of company stock valued at $1,577,091 over the last quarter. Company insiders own 13.29% of the company's stock.

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Liberty Global by 2,370.7% during the first quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock valued at $78,000 after buying an additional 6,472 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Liberty Global during the 1st quarter valued at $78,000. Hi Line Capital Management LLC lifted its holdings in shares of Liberty Global by 21.1% during the 1st quarter. Hi Line Capital Management LLC now owns 1,001,541 shares of the company's stock valued at $11,528,000 after acquiring an additional 174,234 shares in the last quarter. Balefire LLC lifted its stake in shares of Liberty Global by 601.6% during the first quarter. Balefire LLC now owns 65,807 shares of the company's stock worth $757,000 after purchasing an additional 56,428 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Liberty Global by 46.1% during the first quarter. Illinois Municipal Retirement Fund now owns 143,458 shares of the company's stock worth $1,651,000 after purchasing an additional 45,236 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

Liberty Global Company Profile

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.

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