Liberty Global (NASDAQ:LBTYK) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Liberty Global Stock Down 1.8 %

Shares of LBTYK opened at $12.85 on Thursday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of -1.27 and a beta of 1.21. Liberty Global has a 52 week low of $11.25 and a 52 week high of $22.14. The stock’s 50-day moving average price is $14.58 and its 200-day moving average price is $18.13. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

Insider Activity

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Liberty Global by 34.1% during the third quarter. JPMorgan Chase & Co. now owns 349,565 shares of the company’s stock worth $7,554,000 after acquiring an additional 88,975 shares during the last quarter. Franklin Resources Inc. boosted its stake in Liberty Global by 1,092.4% during the 3rd quarter. Franklin Resources Inc. now owns 88,547 shares of the company’s stock valued at $1,874,000 after purchasing an additional 81,121 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Liberty Global in the 3rd quarter worth approximately $15,636,000. Virtu Financial LLC bought a new stake in shares of Liberty Global during the 3rd quarter worth about $1,551,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Liberty Global in the third quarter valued at $1,257,000. 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.