Liberty Global (NASDAQ:LBTYK) Reaches New 12-Month Low on Disappointing Earnings

Liberty Global Ltd. (NASDAQ:LBTYK)’s stock price hit a new 52-week low during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $9.21 and last traded at $10.15, with a volume of 639360 shares. The stock had previously closed at $11.37.

The company reported $6.33 EPS for the quarter, topping the consensus estimate of ($0.86) by $7.19. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Liberty Global in a research report on Friday, January 17th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LBTYK. Franklin Resources Inc. boosted its holdings in shares of Liberty Global by 1,092.4% in the third quarter. Franklin Resources Inc. now owns 88,547 shares of the company’s stock worth $1,874,000 after buying an additional 81,121 shares during the last quarter. JPMorgan Chase & Co. boosted 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. RMR Wealth Builders purchased a new position in shares of Liberty Global during the fourth quarter valued at about $223,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Liberty Global during the 4th quarter worth approximately $66,000. Finally, Perpetual Ltd lifted its holdings in shares of Liberty Global by 12.9% in the 4th quarter. Perpetual Ltd now owns 381,713 shares of the company’s stock valued at $5,016,000 after acquiring an additional 43,678 shares during the last quarter. Institutional investors own 46.10% of the company’s stock.

Liberty Global Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. The stock’s 50-day simple moving average is $11.54 and its two-hundred day simple moving average is $13.40. The firm has a market cap of $3.46 billion, a P/E ratio of 2.37 and a beta of 1.19.

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.