Liberty Global (NASDAQ:LBTYA) Reaches New 1-Year Low – Here’s Why

Liberty Global Ltd. (NASDAQ:LBTYA)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $9.02 and last traded at $9.08, with a volume of 2042875 shares trading hands. The stock had previously closed at $9.23.

Analyst Ratings Changes

A number of brokerages have commented on LBTYA. Barclays set a $11.00 target price on Liberty Global and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Sanford C. Bernstein cut Liberty Global from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $24.70 to $12.40 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, UBS Group lowered their target price on Liberty Global from $13.00 to $10.60 and set a “neutral” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.94.

Liberty Global Stock Down 1.6%

The firm has a fifty day moving average price of $10.79 and a 200-day moving average price of $12.40. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 2.17 and a beta of 1.23.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, sell-side analysts forecast that Liberty Global Ltd. will post -1.35 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LBTYA. ACR Alpine Capital Research LLC raised its position in Liberty Global by 14.1% in the first quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company’s stock valued at $228,305,000 after purchasing an additional 2,458,406 shares during the period. Dimensional Fund Advisors LP raised its position in Liberty Global by 22.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company’s stock valued at $77,482,000 after purchasing an additional 1,117,935 shares during the period. Vanguard Group Inc. raised its position in Liberty Global by 55.3% in the fourth quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company’s stock valued at $66,865,000 after purchasing an additional 1,866,197 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Liberty Global by 4.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company’s stock valued at $61,814,000 after purchasing an additional 198,269 shares during the period. Finally, Norges Bank purchased a new position in Liberty Global in the fourth quarter valued at about $48,381,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

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.