Liberty Global (NASDAQ:LBTYK) Reaches New 12-Month Low at $18.89

Liberty Global plc (NASDAQ:LBTYKGet Rating) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.89 and last traded at $18.89, with a volume of 6391 shares traded. The stock had previously closed at $19.48.

Analysts Set New Price Targets

LBTYK has been the topic of several research reports. StockNews.com upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Pivotal Research reduced their price target on shares of Liberty Global from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, July 18th.

Liberty Global Trading Down 3.0 %

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 1.99 and a beta of 1.14. The business’s 50-day simple moving average is $21.65 and its 200-day simple moving average is $23.47.

Liberty Global (NASDAQ:LBTYKGet Rating) last released its earnings results on Thursday, July 28th. The company reported $3.80 earnings per share (EPS) for the quarter. Liberty Global had a net margin of 63.77% and a return on equity of 15.10%. The company had revenue of $1.75 billion for the quarter.

Insider Activity

In other news, EVP Bryan H. Hall sold 12,000 shares of the company’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $23.32, for a total value of $279,840.00. Following the completion of the sale, the executive vice president now directly owns 143,984 shares of the company’s stock, valued at approximately $3,357,706.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Bryan H. Hall sold 12,000 shares of the company’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $23.32, for a total value of $279,840.00. Following the completion of the sale, the executive vice president now directly owns 143,984 shares of the company’s stock, valued at approximately $3,357,706.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jason Waldron sold 7,522 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $22.10, for a total value of $166,236.20. Following the sale, the chief accounting officer now directly owns 36,432 shares of the company’s stock, valued at $805,147.20. The disclosure for this sale can be found here. Insiders sold a total of 33,799 shares of company stock valued at $762,740 in the last ninety days.

Institutional Trading of Liberty Global

A number of large investors have recently bought and sold shares of LBTYK. JPMorgan Chase & Co. increased its stake in Liberty Global by 19.7% during the 4th quarter. JPMorgan Chase & Co. now owns 867,302 shares of the company’s stock worth $24,362,000 after purchasing an additional 142,816 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Liberty Global during the 4th quarter worth approximately $217,000. PEAK6 Investments LLC bought a new position in shares of Liberty Global during the 4th quarter worth approximately $1,365,000. Geode Capital Management LLC grew its stake in shares of Liberty Global by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 3,631,126 shares of the company’s stock worth $101,812,000 after acquiring an additional 119,042 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. bought a new position in shares of Liberty Global during the 4th quarter worth approximately $2,326,000. 50.14% of the stock is owned by institutional investors.

About Liberty Global

(Get Rating)

Liberty Global plc, 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 intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.

Further Reading

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