Liberty Global (NASDAQ:LBTYK) Shares Pass Below 200-Day Moving Average - Time to Sell?

Key Points

• Liberty Global shares fell below their 200-day moving average, trading as low as $9.73 versus the average of $11.07, with about 1.9 million shares changing hands.
• Analyst sentiment is negative: Weiss Ratings reaffirmed a “sell” rating, Wall Street Zen downgraded the stock to “sell,” and MarketBeat reports a consensus “Sell” rating.
• The company reported disappointing quarterly results, with an adjusted loss of $1.07 per share versus expectations of $0.48 and revenue of $1.17 billion below the $1.34 billion estimate; net margin and return on equity remained negative.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.07 and traded as low as $9.73. Liberty Global shares last traded at $9.73, with a volume of 1,913,343 shares trading hands.

Analysts Set New Price Targets

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 Liberty Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Sell".

Liberty Global Stock Down 0.8%

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a fifty day moving average price of $10.22 and a two-hundred day moving average price of $11.07. The company has a market cap of $3.32 billion, a P/E ratio of -1.08 and a beta of 0.89.

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). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.34 billion.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Rubric Capital Management LP increased its position in shares of Liberty Global by 51.3% during 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. Dimensional Fund Advisors LP increased its holdings in Liberty Global by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company's stock worth $92,857,000 after buying an additional 238,052 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in 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 worth $80,757,000 after acquiring an additional 467,869 shares during the period. Contour Asset Management LLC boosted its stake in Liberty Global by 40.4% in the fourth quarter. Contour Asset Management LLC now owns 2,608,955 shares of the company's stock valued at $28,803,000 after acquiring an additional 750,649 shares during the last quarter. Finally, Deltroit Asset Management UK LLP bought a new position in shares of Liberty Global during the 4th quarter valued at approximately $21,319,000. 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 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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