Liberty Global (NASDAQ:LBTYA) Shares Gap Up to $17.39

Liberty Global Ltd. (NASDAQ:LBTYAGet Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.39, but opened at $17.92. Liberty Global shares last traded at $17.56, with a volume of 766,055 shares traded.

Analyst Ratings Changes

LBTYA has been the subject of several research analyst reports. Barclays lowered their price target on Liberty Global from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a report on Friday, February 23rd. UBS Group decreased their target price on Liberty Global from $23.00 to $22.50 and set a “buy” rating for the company in a report on Monday, February 26th. Benchmark reiterated a “buy” rating and issued a $33.00 target price on shares of Liberty Global in a report on Thursday, May 2nd. Finally, HSBC lowered Liberty Global from a “buy” rating to a “hold” rating and decreased their target price for the company from $26.00 to $20.00 in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.25.

Read Our Latest Stock Report on Liberty Global

Liberty Global Stock Up 0.6 %

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $16.73 and a 200-day simple moving average of $17.34.

Liberty Global (NASDAQ:LBTYAGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share (EPS) for the quarter. The company had revenue of $1.95 billion during the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%. During the same period last year, the firm earned ($1.59) earnings per share. On average, equities research analysts expect that Liberty Global Ltd. will post -0.61 EPS for the current fiscal year.

Insider Transactions at Liberty Global

In other news, Director J David Wargo sold 30,000 shares of Liberty Global stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the sale, the director now owns 159,632 shares in the company, valued at $2,769,615.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director J David Wargo sold 30,000 shares of Liberty Global stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the sale, the director now owns 159,632 shares in the company, valued at $2,769,615.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrea Salvato sold 32,403 shares of Liberty Global stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $17.70, for a total value of $573,533.10. Following the sale, the executive vice president now owns 102,286 shares in the company, valued at approximately $1,810,462.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,403 shares of company stock worth $1,374,233. Corporate insiders own 11.51% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently added to or reduced their stakes in the stock. Beryl Capital Management LLC acquired a new position in Liberty Global in the 1st quarter valued at about $1,115,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Liberty Global by 380.0% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 112,791 shares of the company’s stock worth $1,908,000 after purchasing an additional 89,291 shares during the period. Gabelli Funds LLC increased its position in Liberty Global by 8.6% during the 1st quarter. Gabelli Funds LLC now owns 1,392,897 shares of the company’s stock worth $23,568,000 after purchasing an additional 110,586 shares during the period. Gamco Investors INC. ET AL increased its position in Liberty Global by 32.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,222,428 shares of the company’s stock worth $20,683,000 after purchasing an additional 301,639 shares during the period. Finally, Seven Eight Capital LP acquired a new position in Liberty Global during the 1st quarter worth approximately $2,029,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

About Liberty Global

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.