Liberty Global (NASDAQ:LBTYK) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.

Liberty Global Stock Down 1.8 %

NASDAQ LBTYK opened at $13.33 on Wednesday. The business has a fifty day moving average price of $15.23 and a 200 day moving average price of $18.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $4.77 billion, a P/E ratio of -1.31 and a beta of 1.20. Liberty Global has a one year low of $11.25 and a one year high of $22.14.

Insider Buying and Selling at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 53,312 shares in the company, valued at $776,222.72. This trade represents a 61.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in Liberty Global by 127.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 549,496 shares of the company’s stock worth $9,808,000 after acquiring an additional 308,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Liberty Global by 51.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,249 shares of the company’s stock valued at $986,000 after acquiring an additional 18,724 shares during the period. Principal Financial Group Inc. purchased a new stake in Liberty Global in the 2nd quarter valued at $228,000. Rothschild Investment LLC purchased a new position in Liberty Global during the 2nd quarter worth $71,000. Finally, Rhumbline Advisers increased its stake in Liberty Global by 353.0% in the second quarter. Rhumbline Advisers now owns 154,788 shares of the company’s stock valued at $2,763,000 after purchasing an additional 120,620 shares during the period. Hedge funds and other institutional investors 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.