StockNews.com started coverage on shares of Liberty Global (NASDAQ:LBTYK - Free Report) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the stock.
Liberty Global Trading Up 1.0 %
NASDAQ LBTYK traded up $0.13 on Wednesday, reaching $13.14. 700,340 shares of the company were exchanged, compared to its average volume of 1,847,695. Liberty Global has a fifty-two week low of $11.25 and a fifty-two week high of $22.14. 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 business's fifty day moving average price is $15.38 and its 200 day moving average price is $18.28. The stock has a market capitalization of $4.70 billion, a P/E ratio of -1.29 and a beta of 1.20.
Insider Activity at Liberty Global
In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the 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 sale, the chief financial officer now owns 53,312 shares of the company's stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.86% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in LBTYK. Deseret Mutual Benefit Administrators lifted its holdings in shares of Liberty Global by 41.4% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company's stock valued at $46,000 after purchasing an additional 754 shares during the last quarter. US Bancorp DE lifted its stake in Liberty Global by 124.9% in the third quarter. US Bancorp DE now owns 2,161 shares of the company's stock valued at $47,000 after buying an additional 1,200 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Liberty Global in the second quarter valued at approximately $71,000. Point72 Asset Management L.P. purchased a new position in shares of Liberty Global during the second quarter worth approximately $109,000. Finally, CWM LLC increased its holdings in shares of Liberty Global by 1,159.4% in the 3rd quarter. CWM LLC now owns 6,272 shares of the company's stock valued at $136,000 after acquiring an additional 5,774 shares during the period. 46.10% of the stock is owned by institutional investors and hedge funds.
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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