Liberty Global (NASDAQ:LBTYK) Stock Falls 5.6% - What's Next?

Key Points

• Liberty Global shares fell 5.6% to about $8.26, trading below both their 50-day ($9.96) and 200-day ($10.81) moving averages.
• Analyst sentiment is negative: recent research firms downgraded the stock, and it carries an average rating of “Sell.”
• The company reported weaker-than-expected quarterly results, including an EPS loss of $1.07 versus the $0.48 consensus estimate and revenue of $1.17 billion versus $1.34 billion expected.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report)'s stock price was down 5.6% during trading on Friday. The stock traded as low as $8.35 and last traded at $8.2620. 1,295,033 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 1,357,985 shares. The stock had previously closed at $8.75.

Analyst Upgrades and Downgrades

LBTYK has been the subject of several recent research reports. Wall Street Zen cut Liberty Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Weiss Ratings downgraded shares of Liberty Global from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

Liberty Global Trading Down 5.7%

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's 50-day moving average price is $9.96 and its 200 day moving average price is $10.81. The company has a market cap of $2.82 billion, a price-to-earnings ratio of -0.92 and a beta of 0.94.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Institutional Trading of Liberty Global

Several institutional investors and hedge funds have recently bought and sold shares of LBTYK. Rubric Capital Management LP boosted its position in 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 buying an additional 3,137,779 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Global by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company's stock valued at $92,857,000 after purchasing an additional 238,052 shares in the last quarter. ACR Alpine Capital Research LLC grew its holdings in shares of Liberty Global by 7.3% during the 1st 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. Envestnet Asset Management Inc. increased its stake in shares of Liberty Global by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company's stock worth $40,783,000 after acquiring an additional 127,220 shares in the last quarter. Finally, Contour Asset Management LLC grew its stake in shares of Liberty Global by 40.4% in the 4th quarter. Contour Asset Management LLC now owns 2,608,955 shares of the company's stock worth $28,803,000 after buying an additional 750,649 shares during the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global plc NASDAQ: LBTYK is an international telecommunications and media company that invests in and operates broadband, mobile, video, fixed-line and digital infrastructure businesses. Its offerings generally include high-speed internet, wireless connectivity, television services, fixed-line voice, business communications and related digital products.

The company has operations and strategic interests across several European markets. Its portfolio includes Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, a joint venture with Vodafone; Telenet in Belgium; and Sunrise in Switzerland.

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