Liberty Global (NASDAQ:LBTYK) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research report report published on Friday morning. The firm issued a hold rating on the stock.

Liberty Global Price Performance

Shares of NASDAQ LBTYK opened at $12.01 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Global has a 1 year low of $11.25 and a 1 year high of $22.14. The stock’s 50-day simple moving average is $13.57 and its 200-day simple moving average is $17.85. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of -1.18 and a beta of 1.21.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now owns 53,312 shares of the company’s stock, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.86% of the company’s stock.

Institutional Trading of Liberty Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its position in shares of Liberty Global by 124.9% in the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Liberty Global in the fourth quarter worth approximately $66,000. Deseret Mutual Benefit Administrators lifted its position in shares of Liberty Global by 22.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company’s stock valued at $68,000 after acquiring an additional 578 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Liberty Global in the 2nd quarter worth approximately $109,000. Finally, CWM LLC grew its position in Liberty Global by 1,159.4% during the 3rd quarter. CWM LLC now owns 6,272 shares of the company’s stock worth $136,000 after purchasing an additional 5,774 shares in the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

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.