Liberty Global (NASDAQ:LBTYK) Hits New 12-Month Low - Time to Sell?

Key Points

• Liberty Global shares fell to a new 52-week low of $8.21, trading below both their 50-day ($9.92) and 200-day ($10.79) moving averages.
• Analyst sentiment is bearish: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings lowered its rating, and MarketBeat reports a consensus “Sell” rating.
• The company reported weaker-than-expected quarterly results, with an adjusted loss of $1.07 per share versus an expected loss of $0.48 and revenue of $1.17 billion versus $1.34 billion expected.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $8.21 and last traded at $8.5680, with a volume of 3,048,870 shares traded. The stock had previously closed at $8.52.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LBTYK shares. Wall Street Zen downgraded shares of Liberty Global from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of Liberty Global from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Liberty Global presently has a consensus rating of "Sell".

Liberty Global Price Performance

The company has a 50-day moving average price of $9.92 and a 200-day moving average price of $10.79. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of -0.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion.

Institutional Investors Weigh In On Liberty Global

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wedmont Private Capital bought a new position in Liberty Global during the third quarter worth $118,000. Envestnet Asset Management Inc. raised its stake in shares of Liberty Global by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company's stock worth $40,783,000 after purchasing an additional 127,220 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Liberty Global by 90.4% during the second quarter. Engineers Gate Manager LP now owns 75,642 shares of the company's stock valued at $832,000 after purchasing an additional 35,922 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Liberty Global in the second quarter worth $70,000. Finally, Squarepoint Ops LLC increased its stake in shares of Liberty Global by 95.0% during the 2nd quarter. Squarepoint Ops LLC now owns 21,447 shares of the company's stock worth $236,000 after purchasing an additional 10,446 shares during the last quarter. 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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