Liberty Global (NASDAQ:LBTYK) Sets New 52-Week Low on Disappointing Earnings

Shares of Liberty Global Ltd. (NASDAQ:LBTYK - Get Free Report) reached a new 52-week low on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $9.21 and last traded at $10.15, with a volume of 639360 shares. The stock had previously closed at $11.37.

The company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($3.13). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Global in a research note on Friday, January 17th. They set a "hold" rating on the stock.

Institutional Trading of Liberty Global

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Liberty Global by 34.1% during the third quarter. JPMorgan Chase & Co. now owns 349,565 shares of the company's stock valued at $7,554,000 after purchasing an additional 88,975 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Liberty Global by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock worth $82,852,000 after purchasing an additional 796,034 shares during the period. Janney Montgomery Scott LLC grew its position in Liberty Global by 22.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 561,412 shares of the company's stock valued at $7,377,000 after buying an additional 102,429 shares during the period. ABC Arbitrage SA bought a new position in Liberty Global in the 4th quarter worth $1,803,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in Liberty Global by 18.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,484,494 shares of the company's stock worth $45,786,000 after acquiring an additional 553,947 shares in the last quarter. Institutional investors own 46.10% of the company's stock.

Liberty Global Stock Performance

The business's 50 day simple moving average is $11.45 and its 200 day simple moving average is $13.18. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The company has a market cap of $3.35 billion, a P/E ratio of 2.29 and a beta of 1.18.

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.