Liberty Global (NASDAQ:LBTYA) Sets New 12-Month Low – Should You Sell?

Shares of Liberty Global Ltd (NASDAQ:LBTYA) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $8.34 and last traded at $8.3450, with a volume of 364,918 shares traded. The stock had previously closed at $8.55.

Analyst Upgrades and Downgrades

LBTYA has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. Finally, Barclays lowered their target price on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.22.

Liberty Global Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.74 billion, a PE ratio of -0.90 and a beta of 0.99. The business’s fifty day moving average is $9.97 and its 200-day moving average is $11.00.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, research analysts predict that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently modified their holdings of the business. ACR Alpine Capital Research LLC increased its stake in shares of Liberty Global by 9.7% in the 1st quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock worth $285,866,000 after purchasing an additional 2,097,847 shares in the last quarter. Rubric Capital Management LP lifted its position in Liberty Global by 17.3% during the first quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock valued at $142,092,000 after purchasing an additional 1,734,423 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Liberty Global by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after purchasing an additional 521,750 shares during the period. Contour Asset Management LLC grew its holdings in Liberty Global by 19.8% during the fourth quarter. Contour Asset Management LLC now owns 5,183,133 shares of the company’s stock valued at $57,740,000 after purchasing an additional 857,244 shares during the period. Finally, State Street Corp increased its position in Liberty Global by 8.4% in the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock worth $36,896,000 after buying an additional 251,727 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line voice and television businesses. Its services generally include high-speed internet, wireless connectivity, digital television, streaming and related communications products for residential and business customers.

The company has operations and strategic interests across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, while Liberty Global also holds significant joint-venture interests in Virgin Media O2 in the United Kingdom and VodafoneZiggo in the Netherlands.