Liberty Global (NASDAQ:LBTYK) Reaches New 12-Month Low - What's Next?

Key Points

• Liberty Global shares hit a new 52-week low at $9.02, trading below both their 50-day and 200-day moving averages. The company has a market capitalization of approximately $3.11 billion.
• Analyst sentiment is bearish: Weiss Ratings maintained a “sell” rating, Wall Street Zen downgraded the stock to “sell,” and MarketBeat reported an overall average rating of “Sell.”
• Liberty Global’s latest quarterly results fell short of expectations, with an adjusted loss of $1.07 per share versus the projected $0.48 loss and revenue of $1.17 billion versus estimates of $1.34 billion.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $9.02 and last traded at $9.1150, with a volume of 87956 shares. The stock had previously closed at $9.13.

Analyst Ratings Changes

LBTYK has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 31st. Wall Street Zen downgraded Liberty Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".

Liberty Global Stock Down 0.0%

The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -1.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The business's 50-day moving average is $10.14 and its 200-day moving average is $10.98.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.59). The firm had revenue of $1.17 billion during 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%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC grew its holdings in shares of Liberty Global by 299.2% during the first quarter. Janus Henderson Group PLC now owns 251,900 shares of the company's stock worth $2,954,000 after purchasing an additional 188,800 shares during the last quarter. ACR Alpine Capital Research LLC raised its holdings 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 valued at $80,757,000 after buying an additional 467,869 shares during the last quarter. Capula Management Ltd raised its holdings in shares of Liberty Global by 388.3% in the first quarter. Capula Management Ltd now owns 210,109 shares of the company's stock valued at $2,465,000 after buying an additional 167,080 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Liberty Global by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company's stock worth $40,783,000 after buying an additional 127,220 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Liberty Global by 3.1% during the 1st 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 during the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband internet, video, fixed-line telephone and mobile communications services. Its operations also support business connectivity, digital infrastructure and related technology services for residential and commercial customers.

The company serves customers primarily in Europe through operating businesses and strategic joint ventures. Its portfolio has included Virgin Media O2 in the United Kingdom, Telenet in Belgium, Sunrise in Switzerland and VodafoneZiggo in the Netherlands, as well as other investments in communications, media and technology businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.