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

Equities research analysts at StockNews.com initiated coverage on shares of Liberty Global (NASDAQ:LBTYK - Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a "hold" rating on the stock.

Liberty Global Price Performance

Liberty Global stock traded up $0.09 during midday trading on Tuesday, reaching $12.96. 988,932 shares of the company were exchanged, compared to its average volume of 1,857,834. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of -1.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The firm's 50-day simple moving average is $16.58 and its 200-day simple moving average is $18.54. Liberty Global has a 1 year low of $11.25 and a 1 year high of $22.14.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was 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 owns 53,312 shares in the company, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors have recently added to or reduced their stakes in LBTYK. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Global by 151.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company's stock valued at $65,766,000 after buying an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP boosted its stake in Liberty Global by 85.4% during the 2nd quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company's stock valued at $62,671,000 after acquiring an additional 1,617,711 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Liberty Global during the 3rd quarter valued at $15,636,000. Oppenheimer Asset Management Inc. grew its holdings in Liberty Global by 18.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company's stock worth $52,303,000 after acquiring an additional 447,135 shares in the last quarter. Finally, Long Focus Capital Management LLC increased its position in shares of Liberty Global by 39.7% in the 2nd quarter. Long Focus Capital Management LLC now owns 1,442,000 shares of the company's stock worth $25,740,000 after purchasing an additional 410,000 shares during the last quarter. Institutional investors and hedge funds own 46.10% of the company's stock.

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.