Liberty Global (NASDAQ:LBTYK) Trading Down 5.8% – Here’s Why

Liberty Global Ltd (NASDAQ:LBTYK) shares dropped 5.8% during mid-day trading on Wednesday . The company traded as low as $11.03 and last traded at $10.9260. Approximately 1,545,238 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 1,263,378 shares. The stock had previously closed at $11.60.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LBTYK. Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Global Price Performance

The stock’s 50 day moving average price is $11.70 and its 200-day moving average price is $11.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $3.69 billion, a PE ratio of -0.68 and a beta of 0.88.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Liberty Global during the 1st quarter valued at $42,000. Jones Financial Companies Lllp grew its position in shares of Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after buying an additional 3,808 shares in the last quarter. AlphaCore Capital LLC increased its stake in shares of Liberty Global by 180.7% during the fourth quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock valued at $51,000 after buying an additional 2,964 shares during the period. CWM LLC raised its holdings in shares of Liberty Global by 28.1% in the fourth quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $65,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Liberty Global by 31.7% in the first quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock worth $111,000 after acquiring an additional 2,299 shares during the period. Institutional investors own 46.10% of the company’s stock.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.