Liberty Global (NASDAQ:LBTYK) Reaches New 1-Year Low – Here’s What Happened

Liberty Global Ltd. (NASDAQ:LBTYK) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.00 and last traded at $9.00, with a volume of 450 shares changing hands. The stock had previously closed at $21.30.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Liberty Global in a research note on Tuesday, October 29th. They issued a “hold” rating on the stock.

Liberty Global Stock Down 57.7 %

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.34. The company has a market capitalization of $3.29 billion, a PE ratio of -2.07 and a beta of 1.14. The business’s 50 day simple moving average is $21.02 and its 200 day simple moving average is $19.19.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently made changes to their positions in the stock. US Bancorp DE boosted its holdings in Liberty Global by 124.9% during the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company’s stock valued at $47,000 after acquiring an additional 1,200 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in shares of Liberty Global by 41.4% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock valued at $46,000 after purchasing an additional 754 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Liberty Global during the 2nd quarter worth approximately $71,000. Headlands Technologies LLC lifted its holdings in Liberty Global by 173.3% during the 1st quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock worth $106,000 after buying an additional 3,793 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Liberty Global in the 2nd quarter valued at approximately $109,000. 46.10% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

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.