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

StockNews.com cut shares of Liberty Global (NASDAQ:LBTYKFree Report) from a hold rating to a sell rating in a report issued on Monday.

Liberty Global Trading Down 1.9 %

LBTYK opened at $18.17 on Monday. The business’s 50 day moving average is $17.29 and its two-hundred day moving average is $18.18. Liberty Global has a 52 week low of $16.03 and a 52 week high of $21.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of -2.81 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYKGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.32 earnings per share (EPS) for the quarter. Liberty Global had a negative net margin of 37.27% and a negative return on equity of 14.07%. The company had revenue of $1.95 billion for the quarter.

Insider Buying and Selling at Liberty Global

In other news, Director J David Wargo sold 30,000 shares of Liberty Global stock in a transaction on Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the completion of the transaction, the director now owns 159,632 shares of the company’s stock, valued at approximately $2,769,615.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director J David Wargo sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the sale, the director now owns 159,632 shares of the company’s stock, valued at approximately $2,769,615.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrea Salvato sold 32,403 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $17.70, for a total value of $573,533.10. Following the transaction, the executive vice president now directly owns 102,286 shares of the company’s stock, valued at approximately $1,810,462.20. The disclosure for this sale can be found here. 9.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Liberty Global

Hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC raised its holdings in Liberty Global by 606.0% in the fourth quarter. Jump Financial LLC now owns 72,100 shares of the company’s stock valued at $1,344,000 after buying an additional 61,888 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of Liberty Global by 1.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 8,463,069 shares of the company’s stock valued at $157,752,000 after buying an additional 129,585 shares during the last quarter. Crystalline Management Inc. acquired a new position in Liberty Global during the 4th quarter worth $1,372,000. Lancaster Investment Management acquired a new position in Liberty Global in the fourth quarter worth about $2,185,000. Finally, Panagora Asset Management Inc. bought a new position in Liberty Global during the fourth quarter worth $3,326,000. 46.10% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

(Get Free Report)

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.

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