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

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

Liberty Global Trading Down 1.8 %

Shares of NASDAQ LBTYK traded down $0.24 during midday trading on Thursday, reaching $12.85. 999,063 shares of the stock were exchanged, compared to its average volume of 1,521,393. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $4.59 billion, a P/E ratio of -1.27 and a beta of 1.21. The stock has a 50 day moving average price of $14.43 and a 200-day moving average price of $18.09. Liberty Global has a 52-week low of $11.25 and a 52-week high of $22.14.

Insider Activity

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 53,312 shares of the company's stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.86% of the company's stock.

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently added to or reduced their stakes in LBTYK. Deseret Mutual Benefit Administrators raised its position in shares of Liberty Global by 22.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company's stock valued at $68,000 after purchasing an additional 578 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Liberty Global by 1.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 62,718 shares of the company's stock valued at $1,355,000 after acquiring an additional 607 shares in the last quarter. US Bancorp DE boosted its stake in Liberty Global by 124.9% during the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company's stock valued at $47,000 after acquiring an additional 1,200 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Liberty Global by 10.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,518 shares of the company's stock worth $465,000 after acquiring an additional 1,959 shares in the last quarter. Finally, Caprock Group LLC increased its position in shares of Liberty Global by 16.1% in the 2nd quarter. Caprock Group LLC now owns 17,746 shares of the company's stock worth $317,000 after purchasing an additional 2,458 shares during the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

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.