Liberty Global (NASDAQ:LBTYK) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Liberty Global from “hold” to “sell,” while Weiss Ratings maintained a “sell (D-)” rating; MarketBeat reports an overall average rating of “Sell.”
• Liberty Global reported a quarterly loss of $1.07 per share, missing the $0.48 consensus estimate, while revenue of $1.17 billion fell short of the $1.34 billion forecast.
• The stock opened at $10.24, below its 50-day and 200-day moving averages, with a $3.49 billion market capitalization; an insider also sold 55,000 shares, reducing their position by 50.52%.

Liberty Global (NASDAQ:LBTYK - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

Liberty Global Price Performance

LBTYK stock opened at $10.24 on Friday. The company has a 50 day simple moving average of $10.70 and a 200 day simple moving average of $11.33. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -1.14 and a beta of 0.90. Liberty Global has a 1 year low of $9.30 and a 1 year high of $13.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Insider Transactions at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director directly owned 53,876 shares in the company, valued at $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in shares of Liberty Global by 90.2% during the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company's stock valued at $53,000 after acquiring an additional 2,292 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Liberty Global by 140.4% during the first quarter. Bank of America Corp DE now owns 155,820 shares of the company's stock worth $1,828,000 after purchasing an additional 91,012 shares during the period. Janus Henderson Group PLC grew its stake in shares of Liberty Global by 299.2% in the first quarter. Janus Henderson Group PLC now owns 251,900 shares of the company's stock worth $2,954,000 after purchasing an additional 188,800 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of Liberty Global by 26.4% in the first quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company's stock worth $194,000 after purchasing an additional 3,442 shares during the last quarter. Finally, Amundi increased its holdings in Liberty Global by 318.0% in the first quarter. Amundi now owns 50,244 shares of the company's stock valued at $589,000 after purchasing an additional 38,224 shares during the period. 46.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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