Liberty Global (NASDAQ:LBTYK) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Liberty Global (NASDAQ:LBTYK) in a report released on Thursday morning. The brokerage issued a hold rating on the stock.

Liberty Global Trading Down 1.8 %

Shares of LBTYK stock opened at $12.85 on Thursday. Liberty Global has a 12-month low of $11.25 and a 12-month high of $22.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $14.43 and a 200-day moving average of $18.09. The firm has a market cap of $4.59 billion, a P/E ratio of -1.27 and a beta of 1.21.

Insider Buying and Selling at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LBTYK. US Bancorp DE increased its stake in Liberty Global by 124.9% in the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after acquiring an additional 1,200 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of Liberty Global by 22.5% in the third quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company’s stock worth $68,000 after purchasing an additional 578 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Liberty Global in the second quarter valued at approximately $109,000. CWM LLC lifted its position in Liberty Global by 1,159.4% during the third quarter. CWM LLC now owns 6,272 shares of the company’s stock valued at $136,000 after purchasing an additional 5,774 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Liberty Global in the 3rd quarter worth approximately $185,000. Institutional investors own 46.10% of the company’s stock.

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.