Liberty Global (NASDAQ:LBTYK) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Liberty Global (NASDAQ:LBTYK) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Liberty Global Trading Down 2.4%

Shares of LBTYK stock opened at $9.99 on Friday. The stock has a 50-day simple moving average of $10.67 and a 200 day simple moving average of $11.34. Liberty Global has a fifty-two week low of $9.30 and a fifty-two week high of $13.12. The stock has a market capitalization of $3.41 billion, a P/E ratio of -1.11 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion.

Insider Activity

In other news, Director J David Wargo sold 55,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the sale, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. This represents a 50.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 9.86% of the stock is owned by company insiders.

Institutional Trading of Liberty Global

Several institutional investors and hedge funds have recently bought and sold shares of LBTYK. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Liberty Global by 113.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 173,975 shares of the company’s stock worth $1,921,000 after acquiring an additional 92,504 shares in the last quarter. ACR Alpine Capital Research LLC lifted its position in shares of Liberty Global by 7.3% in the 1st quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock valued at $80,757,000 after acquiring an additional 467,869 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Liberty Global by 299.2% in the 1st quarter. Janus Henderson Group PLC now owns 251,900 shares of the company’s stock valued at $2,954,000 after acquiring an additional 188,800 shares in the last quarter. Capula Management Ltd boosted its stake in Liberty Global by 388.3% in the 1st quarter. Capula Management Ltd now owns 210,109 shares of the company’s stock worth $2,465,000 after purchasing an additional 167,080 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Liberty Global by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock worth $92,857,000 after purchasing an additional 238,052 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.