StockNews.com Initiates Coverage on Liberty Global (NASDAQ:LBTYK)

Investment analysts at StockNews.com assumed coverage on shares of Liberty Global (NASDAQ:LBTYK) in a report released on Thursday. The firm set a “hold” rating on the stock.

Liberty Global Price Performance

Shares of NASDAQ LBTYK opened at $12.45 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Global has a one year low of $11.25 and a one year high of $22.14. The firm has a market capitalization of $4.45 billion, a P/E ratio of -1.24 and a beta of 1.14. The company’s fifty day moving average is $20.63 and its two-hundred day moving average is $19.19.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently modified their holdings of LBTYK. Deseret Mutual Benefit Administrators lifted its stake in shares of Liberty Global by 41.4% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after acquiring an additional 754 shares in the last quarter. US Bancorp DE lifted its holdings in Liberty Global by 124.9% in the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after acquiring an additional 1,200 shares during the last quarter. Rothschild Investment LLC acquired a new position in Liberty Global during the 2nd quarter valued at approximately $71,000. Headlands Technologies LLC boosted its holdings in shares of Liberty Global by 173.3% during the first quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock valued at $106,000 after acquiring an additional 3,793 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Liberty Global during the 2nd quarter valued at about $109,000. 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.