Liberty Global (NASDAQ:LBTYK) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Liberty Global shares fell below their 200-day moving average of $11.32, trading as low as $10.07 and closing near $10.10.
• Analyst sentiment is negative, with the stock receiving an average “Sell” rating. The company also missed quarterly expectations, reporting an adjusted loss of $1.07 per share versus the anticipated $0.48 loss and revenue of $1.17 billion versus $1.34 billion expected.
• Institutional investors own 46.1% of the company and several increased their stakes, while director J. David Wargo sold 55,000 shares in June.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.32 and traded as low as $10.07. Liberty Global shares last traded at $10.10, with a volume of 993,302 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LBTYK. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 31st. Wall Street Zen lowered Liberty Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

Liberty Global Trading Down 1.2%

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of -1.12 and a beta of 0.90. The firm's 50 day moving average is $10.54 and its 200 day moving average is $11.32.

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

Insider Activity

In other news, Director J David Wargo sold 55,000 shares of the business's stock in a transaction 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 sale, the director directly owned 53,876 shares of the company's stock, valued at $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.86% of the stock is owned by company insiders.

Institutional Trading of Liberty Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rubric Capital Management LP lifted its stake in Liberty Global by 51.3% during the first quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company's stock valued at $108,612,000 after buying an additional 3,137,779 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company's stock worth $92,857,000 after acquiring an additional 238,052 shares in the last quarter. ACR Alpine Capital Research LLC increased its position in shares of Liberty Global by 7.3% in the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company's stock worth $80,757,000 after acquiring an additional 467,869 shares in the last quarter. State Street Corp raised its holdings in shares of Liberty Global by 3.9% during the fourth quarter. State Street Corp now owns 3,164,014 shares of the company's stock valued at $34,931,000 after acquiring an additional 118,832 shares during the period. Finally, Contour Asset Management LLC raised its holdings 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 during the period. Institutional investors and hedge funds own 46.10% of the company's stock.

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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