Liberty Global (NASDAQ:LBTYK) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYK) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.32 and traded as low as $10.07. Liberty Global shares last traded at $10.10, with a volume of 993,302 shares.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LBTYK shares. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Global currently has a consensus rating of “Sell”.

Liberty Global Stock Up 1.6%

The company has a 50-day moving average of $10.52 and a two-hundred day moving average of $11.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $3.55 billion, a PE ratio of -1.16 and a beta of 0.90.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) 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 during the quarter, compared to analysts’ expectations of $1.34 billion.

Insider Transactions at Liberty Global

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director owned 53,876 shares in the company, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.86% of the company’s stock.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock valued at $53,000 after purchasing an additional 2,292 shares during the period. Bank of America Corp DE increased its stake in Liberty Global by 140.4% in the 1st quarter. Bank of America Corp DE now owns 155,820 shares of the company’s stock worth $1,828,000 after buying an additional 91,012 shares in the last quarter. Janus Henderson Group PLC increased its stake in Liberty Global by 299.2% in the 1st quarter. Janus Henderson Group PLC now owns 251,900 shares of the company’s stock worth $2,954,000 after buying an additional 188,800 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in Liberty Global by 26.4% during the first quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock valued at $194,000 after acquiring an additional 3,442 shares during the period. Finally, Amundi lifted its position in shares of Liberty Global by 318.0% in the first quarter. Amundi now owns 50,244 shares of the company’s stock valued at $589,000 after acquiring an additional 38,224 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 (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.