Liberty Global (NASDAQ:LBTYK) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the stock.

Liberty Global Price Performance

Liberty Global stock traded down $0.25 during mid-day trading on Thursday, hitting $12.46. The stock had a trading volume of 2,531,520 shares, compared to its average volume of 1,844,959. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $20.63 and its 200 day moving average is $19.19. The firm has a market capitalization of $4.45 billion, a P/E ratio of -1.24 and a beta of 1.14. Liberty Global has a one year low of $11.25 and a one year high of $22.14.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LBTYK. Deseret Mutual Benefit Administrators boosted its stake in shares of Liberty Global by 41.4% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after purchasing an additional 754 shares during the period. US Bancorp DE grew its stake in shares of Liberty Global by 124.9% during the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock valued at $47,000 after buying an additional 1,200 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Liberty Global in the second quarter worth approximately $71,000. Headlands Technologies LLC increased its stake in Liberty Global by 173.3% in the first quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock worth $106,000 after purchasing an additional 3,793 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Liberty Global during the 2nd quarter valued at about $109,000. Institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

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.