Liberty Global (NASDAQ:LBTYK) Sets New 52-Week Low – Should You Sell?

Shares of Liberty Global Ltd. (NASDAQ:LBTYK) reached a new 52-week low during trading on Wednesday . The company traded as low as $11.25 and last traded at $12.18, with a volume of 260548 shares changing hands. The stock had previously closed at $21.10.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Global in a research note on Thursday. They set a “hold” rating for the company.

Liberty Global Stock Up 4.1 %

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 company has a market capitalization of $4.54 billion, a PE ratio of -1.25 and a beta of 1.14. The business’s 50 day simple moving average is $20.79 and its 200 day simple moving average is $19.23.

Hedge Funds Weigh In On Liberty Global

A number of large investors have recently made changes to their positions in LBTYK. Allspring Global Investments Holdings LLC increased its holdings in shares of Liberty Global by 217.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,350 shares of the company’s stock valued at $130,000 after purchasing an additional 5,037 shares during the period. SG Americas Securities LLC increased its holdings in shares of Liberty Global by 129.6% in the 1st quarter. SG Americas Securities LLC now owns 25,469 shares of the company’s stock valued at $449,000 after purchasing an additional 14,376 shares during the period. Headlands Technologies LLC increased its holdings in shares of Liberty Global by 173.3% in the 1st quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock valued at $106,000 after purchasing an additional 3,793 shares during the period. Councilmark Asset Management LLC acquired a new position in shares of Liberty Global in the 1st quarter valued at about $337,000. Finally, Seven Eight Capital LP acquired a new position in shares of Liberty Global in the 1st quarter valued at about $939,000. Institutional investors and hedge funds own 46.10% of the company’s stock.

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.