Liberty Global (NASDAQ:LBTYK) Hits New 1-Year High at $22.05

Liberty Global Ltd. (NASDAQ:LBTYK) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.05 and last traded at $21.97, with a volume of 667040 shares trading hands. The stock had previously closed at $21.61.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a report on Thursday, August 29th.

Liberty Global Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $8.14 billion, a PE ratio of -3.34 and a beta of 1.13. The company’s 50-day simple moving average is $20.04 and its 200-day simple moving average is $18.50.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%.

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of Liberty Global by 91.8% during the 1st quarter. Cetera Investment Advisers now owns 214,785 shares of the company’s stock worth $3,789,000 after buying an additional 102,828 shares in the last quarter. Empowered Funds LLC purchased a new position in Liberty Global in the first quarter worth $1,477,000. Keating Investment Counselors Inc. lifted its holdings in Liberty Global by 59.3% in the first quarter. Keating Investment Counselors Inc. now owns 417,368 shares of the company’s stock valued at $7,362,000 after acquiring an additional 155,291 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Liberty Global by 20.3% during 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 in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Liberty Global by 10.4% during the 1st quarter. Atria Investments Inc now owns 407,587 shares of the company’s stock worth $7,190,000 after purchasing an additional 38,437 shares during the period. 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.