Liberty Global (NASDAQ:LBTYK) Hits New 1-Year Low - Here's Why

Key Points

• Liberty Global shares hit a new 52-week low, falling to $7.64 during Monday’s trading session and trading below both their 50-day and 200-day moving averages.
• Analyst sentiment is negative: Wall Street Zen downgraded the stock to “sell,” and Liberty Global has an overall “Sell” rating according to MarketBeat.
• The company’s latest quarterly results missed expectations, reporting a loss of $1.07 per share versus the anticipated $0.48 loss and revenue of $1.17 billion versus the $1.34 billion consensus estimate.

Shares of Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) hit a new 52-week low during trading on Monday. The company traded as low as $7.64 and last traded at $7.60, with a volume of 4,321,321 shares trading hands. The stock had previously closed at $7.67.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LBTYK. Wall Street Zen cut Liberty Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Liberty Global presently has an average rating of "Sell".

Liberty Global Trading Down 0.7%

The firm's 50-day simple moving average is $9.69 and its 200 day simple moving average is $10.66. The stock has a market cap of $2.60 billion, a P/E ratio of -0.85 and a beta of 0.94. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

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

Hedge Funds Weigh In On Liberty Global

Several large investors have recently bought and sold shares of LBTYK. Allworth Financial LP raised its position in shares of Liberty Global by 52.1% during the second quarter. Allworth Financial LP now owns 4,407 shares of the company's stock worth $48,000 after purchasing an additional 1,509 shares during the period. Versant Capital Management Inc increased its stake in shares of Liberty Global by 90.2% in the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company's stock worth $53,000 after acquiring an additional 2,292 shares during the last quarter. Royal Bank of Canada raised its position in Liberty Global by 31.7% during the first quarter. Royal Bank of Canada now owns 9,547 shares of the company's stock valued at $111,000 after acquiring an additional 2,299 shares in the last quarter. Arkadios Wealth Advisors lifted its position 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 buying an additional 3,442 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in Liberty Global during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 46.10% of the company's stock.

Liberty Global Company Profile

Liberty Global plc NASDAQ: LBTYK is an international telecommunications and media company that invests in and operates broadband, mobile, video, fixed-line and digital infrastructure businesses. Its offerings generally include high-speed internet, wireless connectivity, television services, fixed-line voice, business communications and related digital products.

The company has operations and strategic interests across several European markets. Its portfolio includes Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, a joint venture with Vodafone; Telenet in Belgium; and Sunrise in Switzerland.

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