Liberty Global (NASDAQ:LILAK) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Liberty Global PLC (NASDAQ:LILAK) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.76 and traded as low as $7.76. Liberty Global shares last traded at $7.80, with a volume of 550,275 shares trading hands.

Analysts Set New Price Targets

LILAK has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Global currently has an average rating of “Reduce” and a consensus price target of $8.20.

Liberty Global Stock Down 3.3%

The stock’s fifty day moving average price is $7.76 and its 200-day moving average price is $8.01. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -2.11 and a beta of 0.99.

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in shares of Liberty Global by 67.3% in the first quarter. AQR Capital Management LLC now owns 198,628 shares of the company’s stock valued at $1,233,000 after acquiring an additional 79,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Liberty Global by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock valued at $478,000 after purchasing an additional 3,234 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Liberty Global by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company’s stock worth $2,280,000 after purchasing an additional 35,844 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Liberty Global by 316.4% during the 1st quarter. Jane Street Group LLC now owns 153,799 shares of the company’s stock worth $955,000 after purchasing an additional 116,861 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Liberty Global by 6.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,034,581 shares of the company’s stock worth $6,435,000 after purchasing an additional 64,418 shares in the last quarter. Institutional investors own 52.98% of the company’s stock.

Liberty Global Company Profile

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.