Liberty Global (NASDAQ:LBTYK) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.

Liberty Global Stock Up 3.3 %

Shares of NASDAQ:LBTYK opened at $21.30 on Tuesday. The firm has a 50 day simple moving average of $21.00 and a 200 day simple moving average of $19.13. Liberty Global has a 52 week low of $16.03 and a 52 week high of $22.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.19. The company has a market cap of $7.78 billion, a PE ratio of -2.10 and a beta of 1.13.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Liberty Global by 217.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,350 shares of the company’s stock valued at $130,000 after buying an additional 5,037 shares during the period. New Century Financial Group LLC boosted its position in Liberty Global by 12.4% during the first quarter. New Century Financial Group LLC now owns 40,536 shares of the company’s stock valued at $715,000 after purchasing an additional 4,459 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Liberty Global in the first quarter valued at about $3,976,000. Janney Montgomery Scott LLC increased its position in Liberty Global by 20.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 437,528 shares of the company’s stock worth $7,718,000 after purchasing an additional 73,891 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of 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 purchasing an additional 2,863 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

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.