Liberty Global (NASDAQ:LBTYA) Reaches New 12-Month Low - Here's What Happened

Liberty Global Ltd. (NASDAQ:LBTYA - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $10.31 and last traded at $10.33, with a volume of 759013 shares trading hands. The stock had previously closed at $11.02.

Wall Street Analysts Forecast Growth

LBTYA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Liberty Global from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Liberty Global currently has an average rating of "Hold" and an average target price of $17.43.

Liberty Global Stock Performance

The company has a fifty day moving average of $11.33 and a two-hundred day moving average of $14.27. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 2.54 and a beta of 1.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping analysts' consensus estimates of ($0.92) by $7.25. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. As a group, equities research analysts predict that Liberty Global Ltd. will post -1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently modified their holdings of LBTYA. Stifel Financial Corp boosted its holdings in shares of Liberty Global by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 12,717 shares of the company's stock valued at $268,000 after acquiring an additional 968 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Liberty Global by 58.1% in the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after buying an additional 1,081 shares during the period. Bank of New York Mellon Corp raised its holdings in Liberty Global by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 470,132 shares of the company's stock valued at $5,999,000 after buying an additional 1,615 shares during the last quarter. Voya Investment Management LLC raised its holdings in Liberty Global by 5.6% in the 4th quarter. Voya Investment Management LLC now owns 64,960 shares of the company's stock valued at $829,000 after buying an additional 3,437 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in Liberty Global by 16.7% during the 4th quarter. Sterling Capital Management LLC now owns 25,321 shares of the company's stock worth $323,000 after buying an additional 3,619 shares during the period. Institutional investors own 37.20% 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.