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

StockNews.com started coverage on shares of Liberty Global (NASDAQ:LBTYK) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Liberty Global Stock Up 0.7 %

Shares of LBTYK opened at $12.96 on Tuesday. 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 52 week low of $11.25 and a 52 week high of $22.14. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of -1.28 and a beta of 1.20. The business’s fifty day moving average price is $16.41 and its two-hundred day moving average price is $18.50.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now owns 53,312 shares of the company’s stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

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