Liberty Global (NASDAQ:LBTYK) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.

Liberty Global Trading Down 1.8 %

Liberty Global stock opened at $13.33 on Wednesday. The business has a 50-day simple moving average of $15.23 and a two-hundred day simple moving average of $18.25. Liberty Global has a 52-week low of $11.25 and a 52-week high of $22.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market cap of $4.77 billion, a P/E ratio of -1.31 and a beta of 1.20.

Insider Activity at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently bought and sold shares of the business. Deseret Mutual Benefit Administrators lifted its position in Liberty Global by 41.4% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock valued at $46,000 after purchasing an additional 754 shares during the period. US Bancorp DE boosted its position in Liberty Global by 124.9% during the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after purchasing an additional 1,200 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Liberty Global in the second quarter valued at approximately $71,000. Point72 Asset Management L.P. acquired a new position in shares of Liberty Global during the 2nd quarter worth approximately $109,000. Finally, CWM LLC lifted its position in shares of Liberty Global by 1,159.4% during the 3rd quarter. CWM LLC now owns 6,272 shares of the company’s stock valued at $136,000 after buying an additional 5,774 shares in the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

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.