Liberty Global (NASDAQ:LBTYK) Sets New 52-Week Low - Here's Why

Shares of Liberty Global Ltd. (NASDAQ:LBTYK - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $11.22 and last traded at $11.29, with a volume of 550736 shares trading hands. The stock had previously closed at $11.35.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Liberty Global in a research note on Friday, January 17th. They set a "hold" rating on the stock.

Liberty Global Price Performance

The company has a market cap of $4.04 billion, a P/E ratio of -1.11 and a beta of 1.19. The company has a fifty day moving average price of $12.48 and a two-hundred day moving average price of $16.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.

Insider Activity

In related news, major shareholder Nicholas V. Tompras sold 57,000 shares of Liberty Global stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $12.94, for a total transaction of $737,580.00. Following the completion of the transaction, the insider now owns 16,153 shares in the company, valued at approximately $209,019.82. This trade represents a 77.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global 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 owns 53,312 shares of the company's stock, valued at $776,222.72. The trade was a 61.20 % decrease in their position. The disclosure for this sale can be found here. 9.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators raised its position in shares of Liberty Global by 22.5% in the third quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company's stock valued at $68,000 after buying an additional 578 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 buying an additional 607 shares in the last quarter. US Bancorp DE raised its position in shares of Liberty Global by 40.3% in the fourth quarter. US Bancorp DE now owns 3,032 shares of the company's stock valued at $40,000 after buying an additional 871 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Liberty Global by 5.4% in the fourth quarter. Voya Investment Management LLC now owns 27,397 shares of the company's stock valued at $360,000 after buying an additional 1,413 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Liberty Global by 25.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,465 shares of the company's stock valued at $111,000 after buying an additional 1,699 shares in the last quarter. 46.10% of the stock is currently 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.