Liberty Global (NASDAQ:LBTYA) Reaches New 52-Week Low - Here's What Happened

Liberty Global Ltd. (NASDAQ:LBTYA - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $10.89 and last traded at $10.90, with a volume of 1824584 shares trading hands. The stock had previously closed at $11.12.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LBTYA shares. Barclays dropped their target price on shares of Liberty Global from $20.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, November 25th. Sanford C. Bernstein cut shares of Liberty Global from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Bank of America cut shares of Liberty Global from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Finally, Benchmark restated a "buy" rating and set a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.75.

Liberty Global Stock Up 0.7 %

The stock's fifty day moving average is $12.07 and its two-hundred day moving average is $16.41. The firm has a market cap of $3.94 billion, a P/E ratio of -1.09 and a beta of 1.24. 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 Transactions at Liberty Global

In related news, major shareholder Nicholas V. Tompras sold 57,000 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $12.94, for a total transaction of $737,580.00. Following the transaction, the insider now owns 16,153 shares of the company's stock, valued at approximately $209,019.82. This trade represents a 77.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.51% of the company's stock.

Hedge Funds Weigh In On Liberty Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its position in Liberty Global by 153.2% during the 3rd quarter. Barclays PLC now owns 496,045 shares of the company's stock valued at $10,471,000 after buying an additional 300,126 shares during the period. ING Groep NV purchased a new stake in Liberty Global during the 3rd quarter valued at $12,953,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Liberty Global by 2,799.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company's stock valued at $98,079,000 after buying an additional 4,485,823 shares during the period. State Street Corp boosted its position in Liberty Global by 36.8% during the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company's stock valued at $55,399,000 after buying an additional 705,780 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Liberty Global by 2.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,188 shares of the company's stock valued at $595,000 after buying an additional 606 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.