Liberty Global (NASDAQ:LBTYK) Shares Gap Up - What's Next?

Key Points

• Liberty Global shares gapped up significantly from a closing price of $10.23 to an opening price of $11.18, indicating market interest and activity.
• The company reported a negative earnings per share (EPS) of ($8.09) for the last quarter, highlighting ongoing financial challenges.
• Institutional investors hold 46.10% of Liberty Global's stock, with significant activity noted in recent quarters as some firms have drastically increased their holdings.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $10.23, but opened at $11.18. Liberty Global shares last traded at $10.90, with a volume of 213,448 shares.

Liberty Global Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $3.91 billion, a P/E ratio of -1.15 and a beta of 1.08. The firm has a 50-day moving average of $10.18 and a 200-day moving average of $10.90.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($7.65). Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.07%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion.

Institutional Trading of Liberty Global

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Liberty Global during the 4th quarter worth approximately $155,000. Prudential Financial Inc. purchased a new position in shares of Liberty Global during the 4th quarter valued at about $206,000. Norges Bank purchased a new stake in shares of Liberty Global in the fourth quarter worth about $3,093,000. Wells Fargo & Company MN grew its holdings in Liberty Global by 9.3% during the fourth quarter. Wells Fargo & Company MN now owns 115,278 shares of the company's stock worth $1,515,000 after acquiring an additional 9,797 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Liberty Global by 31.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,345,019 shares of the company's stock worth $43,954,000 after purchasing an additional 807,953 shares in the last quarter. Institutional investors and hedge funds own 46.10% 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.