Liberty Global (NASDAQ:LBTYK) Sees Large Volume Increase – Time to Buy?

Liberty Global Ltd (NASDAQ:LBTYK) saw strong trading volume on Friday . Approximately 1,001,979 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 1,227,196 shares.The stock last traded at $9.5430 and had previously closed at $9.98.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LBTYK. Weiss Ratings downgraded shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Liberty Global Stock Performance

The stock has a market capitalization of $3.25 billion, a PE ratio of -1.07 and a beta of 0.89. The firm’s fifty day moving average is $11.02 and its 200-day moving average is $11.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYK) last posted its earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Insider Activity

In other news, Director J David Wargo sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the transaction, the director directly owned 53,876 shares in the company, valued at approximately $621,729.04. This represents a 50.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.86% of the company’s stock.

Institutional Trading of Liberty Global

Institutional investors have recently added to or reduced their stakes in the stock. Rubric Capital Management LP lifted its stake in Liberty Global by 51.3% during the first quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after purchasing an additional 3,137,779 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock valued at $92,857,000 after buying an additional 238,052 shares in the last quarter. ACR Alpine Capital Research LLC grew its stake in shares of Liberty Global by 7.3% in the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock valued at $80,757,000 after buying an additional 467,869 shares in the last quarter. State Street Corp raised its holdings in shares of Liberty Global by 3.9% in the 4th quarter. State Street Corp now owns 3,164,014 shares of the company’s stock valued at $34,931,000 after buying an additional 118,832 shares during the period. Finally, Contour Asset Management LLC raised its holdings in shares of Liberty Global by 40.4% in the 4th quarter. Contour Asset Management LLC now owns 2,608,955 shares of the company’s stock valued at $28,803,000 after buying an additional 750,649 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.