Liberty Global (NASDAQ:LBTYK) Hits New 12-Month Low – Time to Sell?

Liberty Global Ltd. (NASDAQ:LBTYK)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $10.77 and last traded at $10.80, with a volume of 397449 shares trading hands. The stock had previously closed at $11.48.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Liberty Global in a report on Friday, January 17th. They set a “hold” rating on the stock.

Liberty Global Stock Down 6.8 %

The company has a market cap of $3.73 billion, a PE ratio of 2.55 and a beta of 1.19. The stock has a 50-day moving average of $11.85 and a 200-day moving average of $14.91. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating the consensus estimate of ($0.86) by $7.19. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.84 billion.

Institutional Trading of Liberty Global

A number of hedge funds have recently made changes to their positions in LBTYK. State Street Corp lifted its position in Liberty Global by 3.6% in the 3rd quarter. State Street Corp now owns 3,797,422 shares of the company’s stock worth $82,062,000 after buying an additional 131,875 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Liberty Global in the 3rd quarter worth approximately $15,636,000. JPMorgan Chase & Co. boosted its stake in shares of Liberty Global by 34.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,565 shares of the company’s stock valued at $7,554,000 after purchasing an additional 88,975 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Liberty Global during the 3rd quarter valued at $1,551,000. Finally, Janney Montgomery Scott LLC raised its position in Liberty Global by 22.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 561,412 shares of the company’s stock worth $7,377,000 after purchasing an additional 102,429 shares during the period. 46.10% of the stock is owned by institutional investors.

About Liberty Global

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.