Liberty Global (NASDAQ:LILAK) Shares Cross Below Fifty Day Moving Average – Here’s Why

Liberty Global PLC (NASDAQ:LILAK) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.02 and traded as low as $7.47. Liberty Global shares last traded at $7.58, with a volume of 710,513 shares changing hands.

Wall Street Analyst Weigh In

LILAK has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Liberty Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $8.20.

Liberty Global Stock Performance

The company’s fifty day moving average price is $8.02 and its 200 day moving average price is $7.84. The company has a market cap of $1.52 billion, a PE ratio of -2.05 and a beta of 1.01. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 54.11%.

Institutional Trading of Liberty Global

Institutional investors and hedge funds have recently modified their holdings of the business. Oaktree Capital Management LP purchased a new position in shares of Liberty Global during the 2nd quarter valued at $14,483,000. Nordea Investment Management AB increased its holdings in Liberty Global by 1.8% in the 2nd quarter. Nordea Investment Management AB now owns 882,001 shares of the company’s stock worth $5,451,000 after acquiring an additional 15,389 shares during the last quarter. Fourth Sail Capital LP raised its stake in Liberty Global by 51.4% in the 2nd quarter. Fourth Sail Capital LP now owns 3,835,640 shares of the company’s stock valued at $23,858,000 after acquiring an additional 1,302,037 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Liberty Global during the second quarter valued at about $132,000. Finally, Allianz Asset Management GmbH lifted its holdings in Liberty Global by 6.6% during the second quarter. Allianz Asset Management GmbH now owns 1,034,581 shares of the company’s stock valued at $6,435,000 after purchasing an additional 64,418 shares during the last quarter. 52.98% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.