Liberty Global (NASDAQ:LBTYK) Stock Price Down 5.6% – Time to Sell?

Liberty Global Ltd (NASDAQ:LBTYK) was down 5.6% on Friday. The company traded as low as $8.35 and last traded at $8.2620. Approximately 1,295,033 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 1,357,985 shares. The stock had previously closed at $8.75.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded Liberty Global from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Liberty Global Stock Performance

The firm has a market capitalization of $2.82 billion, a PE ratio of -0.92 and a beta of 0.94. The business’s fifty day simple moving average is $9.96 and its 200-day simple moving average is $10.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

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

Institutional Investors Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LBTYK. Envestnet Asset Management Inc. raised its position in Liberty Global by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock worth $40,783,000 after buying an additional 127,220 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Liberty Global by 90.4% in the 2nd quarter. Engineers Gate Manager LP now owns 75,642 shares of the company’s stock worth $832,000 after acquiring an additional 35,922 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Liberty Global in the 2nd quarter valued at about $70,000. Squarepoint Ops LLC lifted its holdings in Liberty Global by 95.0% during the 2nd quarter. Squarepoint Ops LLC now owns 21,447 shares of the company’s stock worth $236,000 after buying an additional 10,446 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Liberty Global by 52.1% during the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock worth $48,000 after purchasing an additional 1,509 shares during the period. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global plc (NASDAQ: LBTYK) is an international telecommunications and media company that invests in and operates broadband, mobile, video, fixed-line and digital infrastructure businesses. Its offerings generally include high-speed internet, wireless connectivity, television services, fixed-line voice, business communications and related digital products.

The company has operations and strategic interests across several European markets. Its portfolio includes Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, a joint venture with Vodafone; Telenet in Belgium; and Sunrise in Switzerland.