Liberty Global (NASDAQ:LBTYK) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Liberty Global (NASDAQ:LBTYK) in a report issued on Wednesday. The brokerage issued a hold rating on the stock.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK traded up $0.15 during midday trading on Wednesday, reaching $20.57. The company had a trading volume of 1,303,715 shares, compared to its average volume of 1,127,988. 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 company’s 50 day moving average price is $20.90 and its 200 day moving average price is $19.19. The stock has a market cap of $7.35 billion, a P/E ratio of -2.03 and a beta of 1.14. Liberty Global has a 52-week low of $16.03 and a 52-week high of $22.14.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Liberty Global by 151.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after purchasing an additional 2,219,823 shares in the last quarter. Rubric Capital Management LP grew its holdings in shares of Liberty Global by 85.4% during the second quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company’s stock valued at $62,671,000 after buying an additional 1,617,711 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Liberty Global by 18.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock valued at $52,303,000 after acquiring an additional 447,135 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Liberty Global by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after acquiring an additional 18,319 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in Liberty Global by 3.7% in the 1st quarter. Gabelli Funds LLC now owns 2,025,414 shares of the company’s stock valued at $35,728,000 after acquiring an additional 71,350 shares in the last quarter. 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.