StockNews.com Begins Coverage on Liberty Global (NASDAQ:LBTYK)

StockNews.com began coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Liberty Global Trading Down 3.3 %

NASDAQ LBTYK opened at $20.61 on Tuesday. The business’s 50-day moving average price is $20.93 and its two-hundred day moving average price is $19.09. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $7.53 billion, a PE ratio of -4.45 and a beta of 1.13. Liberty Global has a 12 month low of $16.03 and a 12 month high of $22.14.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($3.95) earnings per share (EPS) for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The firm had revenue of $1.94 billion during the quarter.

Institutional Trading of Liberty Global

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Liberty Global by 1.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 62,718 shares of the company’s stock valued at $1,355,000 after buying an additional 607 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of Liberty Global by 41.4% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock valued at $46,000 after acquiring an additional 754 shares in the last quarter. US Bancorp DE increased its holdings in shares of 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 buying an additional 1,200 shares during the last quarter. Caprock Group LLC increased its position in shares of Liberty Global by 16.1% during the 2nd quarter. Caprock Group LLC now owns 17,746 shares of the company’s stock valued at $317,000 after purchasing an additional 2,458 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Liberty Global by 17.0% in the 1st quarter. Nordea Investment Management AB now owns 19,737 shares of the company’s stock worth $349,000 after acquiring an additional 2,863 shares during the last quarter. Institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

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.