Liberty Global (NASDAQ:LBTYA) Reaches New 12-Month Low – Here’s Why

Liberty Global Ltd. (NASDAQ:LBTYA) reached a new 52-week low during trading on Wednesday . The company traded as low as $10.89 and last traded at $10.90, with a volume of 1824584 shares trading hands. The stock had previously closed at $11.12.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LBTYA. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $13.10 to $12.60 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Benchmark reiterated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Finally, Sanford C. Bernstein lowered shares of Liberty Global from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Liberty Global has a consensus rating of “Hold” and an average target price of $17.75.

Liberty Global Trading Down 1.3 %

The firm’s 50 day simple moving average is $12.23 and its 200-day simple moving average is $16.57. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $3.92 billion, a PE ratio of -1.08 and a beta of 1.24.

Insider Activity

In other Liberty Global news, major shareholder Nicholas V. Tompras sold 57,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.94, for a total transaction of $737,580.00. Following the sale, the insider now owns 16,153 shares in the company, valued at $209,019.82. This represents a 77.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.51% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its position in Liberty Global by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,188 shares of the company’s stock valued at $595,000 after purchasing an additional 606 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Liberty Global by 8.1% during the third quarter. Private Advisor Group LLC now owns 11,113 shares of the company’s stock valued at $235,000 after buying an additional 835 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Liberty Global by 8.2% during the third quarter. Stifel Financial Corp now owns 12,717 shares of the company’s stock worth $268,000 after buying an additional 968 shares during the period. Blue Trust Inc. grew its holdings in Liberty Global by 110.3% in the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after buying an additional 975 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its position in Liberty Global by 4.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 29,611 shares of the company’s stock valued at $625,000 after acquiring an additional 1,162 shares during the period. Institutional investors and hedge funds own 37.20% 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.