Liberty Global (NASDAQ:LBTYK) Hits New 12-Month Low - What's Next?

Liberty Global Ltd. (NASDAQ:LBTYK - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as $10.87 and last traded at $11.00, with a volume of 283443 shares changing hands. The stock had previously closed at $11.25.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Global in a research note on Friday, January 17th. They issued a "hold" rating for the company.

Liberty Global Stock Performance

The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 2.84 and a beta of 1.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. The stock has a 50 day moving average price of $12.31 and a two-hundred day moving average price of $16.61.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating analysts' consensus estimates of ($0.86) by $7.19. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%.

Insider Activity at Liberty Global

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 transaction of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of the firm's stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following 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 position. The disclosure for this sale can be found here. 9.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LBTYK. Envestnet Asset Management Inc. raised its position in shares of Liberty Global by 31.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,345,019 shares of the company's stock worth $43,954,000 after purchasing an additional 807,953 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Liberty Global by 14.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock worth $82,852,000 after purchasing an additional 796,034 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Liberty Global during the third quarter worth about $15,636,000. American Century Companies Inc. raised its position in shares of Liberty Global by 7,017.5% during the fourth quarter. American Century Companies Inc. now owns 700,362 shares of the company's stock worth $9,203,000 after purchasing an additional 690,522 shares during the period. Finally, Millennium Management LLC raised its position in shares of Liberty Global by 268.3% during the fourth quarter. Millennium Management LLC now owns 909,898 shares of the company's stock worth $11,956,000 after purchasing an additional 662,827 shares during the period. Institutional investors own 46.10% 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.