Liberty Global (NASDAQ:LBTYA) Hits New 12-Month Low – Time to Sell?

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) reached a new 52-week low during trading on Wednesday . The stock traded as low as $11.37 and last traded at $11.37, with a volume of 3154 shares changing hands. The stock had previously closed at $20.74.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LBTYA shares. Benchmark reissued a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a report on Tuesday, October 29th. Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Finally, Citigroup initiated coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price target for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Liberty Global presently has a consensus rating of “Moderate Buy” and an average price target of $24.26.

Liberty Global Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $4.45 billion, a PE ratio of -1.17 and a beta of 1.18. The firm’s fifty day simple moving average is $20.41 and its 200-day simple moving average is $18.81.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Seven Eight Capital LP bought a new stake in Liberty Global during the first quarter valued at approximately $2,029,000. Scientech Research LLC bought a new position in shares of Liberty Global in the second quarter worth approximately $1,390,000. Amalgamated Bank purchased a new position in shares of Liberty Global in the second quarter worth $480,000. Algert Global LLC purchased a new position in shares of Liberty Global in the second quarter worth $624,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Liberty Global by 32.8% in the first quarter. Gamco Investors INC. ET AL now owns 1,222,428 shares of the company’s stock worth $20,683,000 after buying an additional 301,639 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

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.