StockNews.com assumed coverage on shares of Liberty Global (NASDAQ:LBTYK - Free Report) in a research note released on Tuesday. The brokerage issued a hold rating on the stock.
Liberty Global Stock Performance
Shares of LBTYK stock traded down $0.18 on Tuesday, hitting $21.32. The company had a trading volume of 1,337,730 shares, compared to its average volume of 1,844,747. The firm has a market cap of $7.95 billion, a P/E ratio of -3.32 and a beta of 1.13. The company has a 50-day moving average price of $20.88 and a 200-day moving average price of $19.05. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. Liberty Global has a twelve month low of $16.03 and a twelve month high of $22.14.
Hedge Funds Weigh In On Liberty Global
Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in Liberty Global by 217.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,350 shares of the company's stock worth $130,000 after buying an additional 5,037 shares in the last quarter. New Century Financial Group LLC increased its stake in Liberty Global by 12.4% during the 1st quarter. New Century Financial Group LLC now owns 40,536 shares of the company's stock worth $715,000 after buying an additional 4,459 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Liberty Global during the 1st quarter worth approximately $3,976,000. Janney Montgomery Scott LLC increased its stake in Liberty Global by 20.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 437,528 shares of the company's stock worth $7,718,000 after buying an additional 73,891 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Liberty Global by 17.0% during the 1st quarter. Nordea Investment Management AB now owns 19,737 shares of the company's stock worth $349,000 after buying an additional 2,863 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company's stock.
Liberty Global Company Profile
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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.
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