Liberty Global (NASDAQ:LBTYK) Sees Strong Trading Volume - Time to Buy?

Key Points

• Liberty Global shares traded 85% above the prior session’s volume, with 2.57 million shares changing hands and the stock rising to $7.634 from a $7.46 close.
• Analyst sentiment remains negative: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings maintained a sell-equivalent rating, and the consensus rating is “Sell.”
• The company reported a quarterly loss of $1.07 per share, substantially worse than the expected $0.48 loss, while revenue of $1.17 billion also missed estimates of $1.34 billion.

Shares of Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) saw unusually-strong trading volume on Tuesday. 2,574,724 shares traded hands during trading, an increase of 85% from the previous session's volume of 1,390,609 shares. The stock last traded at $7.6340 and had previously closed at $7.46.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LBTYK shares. Wall Street Zen lowered shares of Liberty Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Weiss Ratings raised Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

Liberty Global Price Performance

The stock has a market capitalization of $2.62 billion, a P/E ratio of -0.85 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. The firm has a 50-day moving average price of $9.63 and a 200 day moving average price of $10.63.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.

Institutional Trading of Liberty Global

Several large investors have recently modified their holdings of the business. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Liberty Global in the first quarter worth about $42,000. Allworth Financial LP boosted its position in shares of Liberty Global by 52.1% in the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company's stock worth $48,000 after purchasing an additional 1,509 shares in the last quarter. Versant Capital Management Inc raised its stake in Liberty Global by 90.2% during the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company's stock valued at $53,000 after buying an additional 2,292 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Liberty Global in the 2nd quarter worth about $70,000. Finally, Royal Bank of Canada raised its holdings in Liberty Global by 31.7% in the first quarter. Royal Bank of Canada now owns 9,547 shares of the company's stock worth $111,000 after buying an additional 2,299 shares during the last quarter. 46.10% of the stock is owned by institutional investors.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global's principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.

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