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

Equities researchers at StockNews.com assumed coverage on shares of Liberty Global (NASDAQ:LBTYK) in a report released on Thursday. The firm set a “hold” rating on the stock.

Liberty Global Stock Performance

NASDAQ:LBTYK opened at $12.85 on Thursday. The firm has a market capitalization of $4.59 billion, a PE ratio of -1.27 and a beta of 1.21. The firm’s fifty day simple moving average is $14.58 and its 200 day simple moving average is $18.13. Liberty Global has a 1 year low of $11.25 and a 1 year high of $22.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors have recently modified their holdings of the stock. State Street Corp grew its position in shares of Liberty Global by 3.6% during 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 period. Dimensional Fund Advisors LP increased its holdings in Liberty Global by 151.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock valued at $65,766,000 after purchasing an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP lifted its stake in Liberty Global by 0.3% in the third quarter. Rubric Capital Management LP now owns 3,522,428 shares of the company’s stock valued at $76,120,000 after buying an additional 11,424 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Liberty Global by 18.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after buying an additional 447,135 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Liberty Global by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after buying an additional 18,319 shares during the period. 46.10% of the stock is owned by institutional investors.

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.