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

StockNews.com began coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note released on Thursday morning. The firm issued a hold rating on the stock.

Liberty Global Stock Performance

NASDAQ LBTYK opened at $12.45 on Thursday. The company’s 50 day simple moving average is $20.47 and its two-hundred day simple moving average is $19.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global has a 1 year low of $11.25 and a 1 year high of $22.14. The stock has a market capitalization of $4.45 billion, a PE ratio of -1.23 and a beta of 1.14.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently bought and sold shares of the stock. US Bancorp DE lifted its stake in Liberty Global by 124.9% during 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 during the last quarter. Deseret Mutual Benefit Administrators lifted its position in Liberty Global by 41.4% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after buying an additional 754 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Liberty Global in the second quarter worth approximately $71,000. Headlands Technologies LLC boosted its stake in Liberty Global by 173.3% in the first quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock worth $106,000 after buying an additional 3,793 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Liberty Global during the second quarter valued at approximately $109,000. 46.10% of the stock is currently owned by 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.