StockNews.com Initiates Coverage on Liberty Global (NASDAQ:LBTYK)

StockNews.com started coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research report released on Wednesday. The brokerage issued a hold rating on the stock.

Liberty Global Stock Up 1.0 %

NASDAQ:LBTYK opened at $13.14 on Wednesday. Liberty Global has a 52 week low of $11.25 and a 52 week high of $22.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $15.38 and a 200-day moving average of $18.28. The firm has a market capitalization of $4.70 billion, a PE ratio of -1.29 and a beta of 1.20.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were 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 directly owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators lifted its holdings in shares of Liberty Global by 41.4% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock valued at $46,000 after purchasing an additional 754 shares during the last quarter. US Bancorp DE boosted its holdings in Liberty Global by 124.9% in the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after purchasing an additional 1,200 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Liberty Global during the 2nd quarter valued at about $71,000. Point72 Asset Management L.P. acquired a new position in Liberty Global during the second quarter valued at approximately $109,000. Finally, CWM LLC raised its holdings in Liberty Global by 1,159.4% in the 3rd quarter. CWM LLC now owns 6,272 shares of the company’s stock worth $136,000 after acquiring an additional 5,774 shares during the period. 46.10% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

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.