Liberty Global (NASDAQ:LBTYK) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Liberty Global (NASDAQ:LBTYK) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

Liberty Global Price Performance

Shares of LBTYK stock opened at $17.84 on Monday. The stock has a 50 day moving average of $17.36 and a two-hundred day moving average of $18.24. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.80. Liberty Global has a 12 month low of $16.03 and a 12 month high of $21.83. The company has a market capitalization of $6.65 billion, a P/E ratio of -2.76 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.32 EPS for the quarter. The company had revenue of $1.95 billion during the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%.

Insider Activity

In other news, Director J David Wargo sold 30,000 shares of Liberty Global stock in a transaction on Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the completion of the sale, the director now directly owns 159,632 shares of the company’s stock, valued at approximately $2,769,615.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.86% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Institutional investors have recently made changes to their positions in the stock. Artisan Partners Limited Partnership lifted its holdings in shares of Liberty Global by 1.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 8,463,069 shares of the company’s stock valued at $157,752,000 after purchasing an additional 129,585 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Liberty Global by 11.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 2,483,031 shares of the company’s stock worth $43,801,000 after purchasing an additional 260,514 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Liberty Global by 38.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company’s stock valued at $39,870,000 after acquiring an additional 592,653 shares during the last quarter. Gabelli Funds LLC increased its holdings in Liberty Global by 3.7% in the first quarter. Gabelli Funds LLC now owns 2,025,414 shares of the company’s stock valued at $35,728,000 after purchasing an additional 71,350 shares during the period. Finally, Rubric Capital Management LP acquired a new stake in Liberty Global in the fourth quarter valued at $34,537,000. 46.10% of the stock is 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.