StockNews.com Initiates Coverage on Liberty TripAdvisor (NASDAQ:LTRPA)

StockNews.com assumed coverage on shares of Liberty TripAdvisor (NASDAQ:LTRPA) in a research note released on Friday morning. The firm issued a buy rating on the technology company’s stock.

Liberty TripAdvisor Price Performance

LTRPA opened at $0.38 on Friday. The stock’s 50-day moving average price is $0.51 and its 200 day moving average price is $0.91. Liberty TripAdvisor has a 12-month low of $0.15 and a 12-month high of $1.95. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The firm has a market cap of $29.31 million, a price-to-earnings ratio of -0.09 and a beta of 3.47.

Liberty TripAdvisor (NASDAQ:LTRPA) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.63 earnings per share (EPS) for the quarter. Liberty TripAdvisor had a positive return on equity of 62.40% and a negative net margin of 15.48%. The firm had revenue of $497.00 million for the quarter.

Hedge Funds Weigh In On Liberty TripAdvisor

An institutional investor recently raised its position in Liberty TripAdvisor stock. Cove Street Capital LLC raised its stake in Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) by 52.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,356,310 shares of the technology company’s stock after purchasing an additional 2,866,644 shares during the period. Liberty TripAdvisor comprises 2.2% of Cove Street Capital LLC’s investment portfolio, making the stock its 16th biggest position. Cove Street Capital LLC owned approximately 10.91% of Liberty TripAdvisor worth $7,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 31.40% of the company’s stock.

About Liberty TripAdvisor

Liberty TripAdvisor Holdings, Inc operates a travel guidance platform that connects people and audiences with travel partners in the United States, the United Kingdom, and internationally. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. It offers an online platform that provides content, travel guidance products and services, and two-sided marketplaces for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, cruises, and other travel categories, including alternative accommodations, flights, and rental cars.