Liberty Global (NASDAQ:LBTYK) Sees Unusually-High Trading Volume – What’s Next?

Liberty Global Ltd. (NASDAQ:LBTYK) saw unusually-high trading volume on Monday . Approximately 2,630,420 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 1,513,991 shares.The stock last traded at $13.32 and had previously closed at $13.33.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Liberty Global in a research note on Wednesday, January 1st. They set a “hold” rating for the company.

Liberty Global Price Performance

The stock’s fifty day moving average is $15.07 and its 200-day moving average is $18.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $4.75 billion, a P/E ratio of -1.31 and a beta of 1.21.

Insider Activity

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the sale, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.86% of the stock is currently owned by insiders.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of Liberty Global by 3.6% during the 3rd quarter. State Street Corp now owns 3,797,422 shares of the company’s stock worth $82,062,000 after purchasing an additional 131,875 shares during the period. Dimensional Fund Advisors LP increased its stake in Liberty Global by 151.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock valued at $65,766,000 after acquiring an additional 2,219,823 shares during the period. Rubric Capital Management LP raised its holdings in Liberty Global by 0.3% in the 3rd quarter. Rubric Capital Management LP now owns 3,522,428 shares of the company’s stock valued at $76,120,000 after acquiring an additional 11,424 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Liberty Global by 18.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after acquiring an additional 447,135 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Liberty Global by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after purchasing an additional 18,319 shares in the last quarter. Institutional investors and hedge funds 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.