Liberty Global (NASDAQ:LBTYK) Sets New 12-Month Low - Here's Why

Key Points

• Liberty Global shares fell 4.3% to $9.28, setting a new 52-week low and trading below both its 50-day and 200-day moving averages.
• The company’s latest quarterly results missed expectations, with a loss of $1.07 per share versus the forecasted $0.48 loss and revenue of $1.17 billion versus the expected $1.34 billion.
• Analyst sentiment is notably negative: Liberty Global has an average “Sell” rating, while institutional investors collectively own 46.1% of the stock and several increased their positions.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $9.28 and last traded at $9.2750, with a volume of 688148 shares traded. The stock had previously closed at $9.73.

Wall Street Analyst Weigh In

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

Liberty Global Trading Down 4.3%

The company has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $11.07. The stock has a market cap of $3.18 billion, a P/E ratio of -1.04 and a beta of 0.89. 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 posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.34 billion.

Institutional Trading of Liberty Global

A number of large investors have recently made changes to their positions in LBTYK. Janus Henderson Group PLC raised its position in Liberty Global by 299.2% during the 1st quarter. Janus Henderson Group PLC now owns 251,900 shares of the company's stock valued at $2,954,000 after purchasing an additional 188,800 shares in the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Liberty Global by 7.3% during 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 period. Capula Management Ltd increased its stake in shares of Liberty Global by 388.3% during 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 period. Dimensional Fund Advisors LP raised its holdings in shares of Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company's stock valued at $92,857,000 after acquiring an additional 238,052 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Liberty Global by 141.5% in the first quarter. Sei Investments Co. now owns 170,952 shares of the company's stock worth $2,005,000 after acquiring an additional 100,159 shares during the period. 46.10% of the stock is owned by hedge funds and other institutional investors.

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.

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