Liberty Global (NASDAQ:LBTYK) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Liberty Global shares fell below their 200-day moving average, trading as low as $10.41 versus the $11.29 average, with the latest price at $10.51.
• Analyst sentiment is negative: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings reiterated a “sell (D-)” rating, and MarketBeat reports an average rating of “Sell.”
• The company reported weak quarterly results, including an adjusted loss of $1.07 per share versus the expected $0.48 loss and revenue of $1.17 billion versus the $1.34 billion consensus estimate.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.29 and traded as low as $10.41. Liberty Global shares last traded at $10.51, with a volume of 1,303,372 shares.

Analysts Set New Price Targets

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

Liberty Global Trading Up 0.2%

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.58 billion, a PE ratio of -1.17 and a beta of 0.90. The business has a fifty day moving average price of $10.40 and a 200 day moving average price of $11.29.

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

Insider Buying and Selling at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the sale, the director owned 53,876 shares in the company, valued at approximately $621,729.04. The trade was a 50.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.86% of the company's stock.

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rubric Capital Management LP lifted its position in Liberty Global by 51.3% in the first quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company's stock valued at $108,612,000 after acquiring an additional 3,137,779 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Liberty Global during the second quarter worth about $21,833,000. Deltroit Asset Management UK LLP acquired a new stake in shares of Liberty Global during the fourth quarter worth about $21,319,000. California State Teachers Retirement System increased its position in shares of Liberty Global by 975.5% during the second quarter. California State Teachers Retirement System now owns 1,994,564 shares of the company's stock worth $21,940,000 after purchasing an additional 1,809,101 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Liberty Global by 269.2% in the 4th quarter. State of Wisconsin Investment Board now owns 1,245,174 shares of the company's stock valued at $13,747,000 after purchasing an additional 907,906 shares during the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global NASDAQ: LBTYK is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company's core services include ultra‐fast broadband, pay television, voice services and mobile offerings.

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