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

Stock analysts at StockNews.com started coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research report issued on Friday. The firm set a “hold” rating on the stock.

Liberty Global Price Performance

NASDAQ LBTYK opened at $12.01 on Friday. 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 stock has a market capitalization of $4.29 billion, a PE ratio of -1.18 and a beta of 1.21. Liberty Global has a 12-month low of $11.25 and a 12-month high of $22.14. The company has a 50 day moving average price of $13.91 and a two-hundred day moving average price of $17.93.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 of the company’s stock, valued at $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 151.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after acquiring an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP boosted its holdings in Liberty Global by 85.4% in the 2nd quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company’s stock valued at $62,671,000 after purchasing an additional 1,617,711 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Global in the 3rd quarter worth $15,636,000. Long Focus Capital Management LLC increased its holdings in shares of Liberty Global by 39.7% during the 2nd quarter. Long Focus Capital Management LLC now owns 1,442,000 shares of the company’s stock worth $25,740,000 after purchasing an additional 410,000 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Liberty Global during the third quarter valued at about $7,471,000. 46.10% of the stock is currently owned by institutional investors.

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.