Liberty Global (NASDAQ:LBTYA) Sets New 12-Month Low – What’s Next?

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) hit a new 52-week low during trading on Wednesday . The company traded as low as $11.37 and last traded at $11.37, with a volume of 3154 shares traded. The stock had previously closed at $20.74.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup began coverage on shares of Liberty Global in a research note on Friday, August 9th. They issued a “buy” rating and a $25.00 price objective for the company. Benchmark reaffirmed a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a report on Tuesday, October 29th. Finally, Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their target price for the company from $15.50 to $21.30 in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Liberty Global presently has an average rating of “Moderate Buy” and an average price target of $24.26.

Liberty Global Price Performance

The stock has a market cap of $4.26 billion, a PE ratio of -1.14 and a beta of 1.18. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $20.57 and its 200-day moving average is $18.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LBTYA. BNP Paribas Financial Markets acquired a new position in shares of Liberty Global in the 1st quarter valued at about $311,000. SG Americas Securities LLC boosted its stake in Liberty Global by 25.7% during the 1st quarter. SG Americas Securities LLC now owns 17,713 shares of the company’s stock valued at $300,000 after purchasing an additional 3,627 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Liberty Global by 39.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 56,129 shares of the company’s stock valued at $932,000 after purchasing an additional 15,834 shares during the period. Vanguard Group Inc. raised its position in shares of Liberty Global by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 3,446,543 shares of the company’s stock worth $58,316,000 after buying an additional 131,077 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of Liberty Global during the 1st quarter worth about $2,029,000. 37.20% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.