StockNews.com Downgrades Liberty Global (NASDAQ:LBTYK) to Sell

Liberty Global (NASDAQ:LBTYK – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, Pivotal Research decreased their price target on Liberty Global from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, April 17th.

Liberty Global Price Performance

Shares of LBTYK opened at $18.01 on Friday. Liberty Global has a 12 month low of $16.16 and a 12 month high of $26.11. The company has a market cap of $8.22 billion, a P/E ratio of 1.34 and a beta of 1.23. The stock has a fifty day moving average price of $19.77 and a 200 day moving average price of $20.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.61 and a quick ratio of 1.61.

Insiders Place Their Bets

In other Liberty Global news, EVP Bryan H. Hall sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $20.76, for a total transaction of $103,800.00. Following the completion of the sale, the executive vice president now directly owns 133,135 shares in the company, valued at approximately $2,763,882.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Bryan H. Hall sold 6,000 shares of Liberty Global stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $20.04, for a total transaction of $120,240.00. Following the completion of the sale, the executive vice president now directly owns 120,497 shares in the company, valued at approximately $2,414,759.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bryan H. Hall sold 5,000 shares of Liberty Global stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $20.76, for a total value of $103,800.00. Following the sale, the executive vice president now owns 133,135 shares of the company’s stock, valued at $2,763,882.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,000 shares of company stock worth $421,740. 9.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Spire Wealth Management raised its stake in shares of Liberty Global by 47.0% in the 1st quarter. Spire Wealth Management now owns 1,752 shares of the company’s stock valued at $36,000 after acquiring an additional 560 shares in the last quarter. Pathstone Family Office LLC bought a new position in Liberty Global in the 4th quarter worth approximately $660,000. MV Capital Management Inc. bought a new position in Liberty Global in the 1st quarter worth approximately $54,000. Amalgamated Bank increased its position in Liberty Global by 318.0% in the 3rd quarter. Amalgamated Bank now owns 2,734 shares of the company’s stock worth $45,000 after buying an additional 2,080 shares during the period. Finally, CVA Family Office LLC increased its position in Liberty Global by 443.0% in the 4th quarter. CVA Family Office LLC now owns 2,905 shares of the company’s stock worth $56,000 after buying an additional 2,370 shares during the period. 52.24% of the stock is owned by institutional investors.

About Liberty Global

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Liberty Global Plc operates as an international converged fixed and mobile communications company, which engages in the provision of connectivity and entertainment and connectivity services. It operates through the following geographical segments: Switzerland, Belgium, U.K., Ireland, and Central and Other.