StockNews.com Initiates Coverage on Liberty Global (NASDAQ:LBTYK)

Research analysts at StockNews.com initiated coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Liberty Global Price Performance

Shares of NASDAQ:LBTYK opened at $12.01 on Friday. The company has a 50 day moving average of $13.57 and a 200 day moving average of $17.85. 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 stock has a market cap of $4.29 billion, a P/E ratio of -1.18 and a beta of 1.21. Liberty Global has a 12 month low of $11.25 and a 12 month high of $22.14.

Insider Activity

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.86% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently added to or reduced their stakes in LBTYK. US Bancorp DE boosted its stake in shares of Liberty Global by 124.9% in the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company’s stock valued at $47,000 after purchasing an additional 1,200 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in Liberty Global during the fourth quarter valued at about $66,000. Deseret Mutual Benefit Administrators grew its stake in shares of Liberty Global by 22.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company’s stock valued at $68,000 after buying an additional 578 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Liberty Global in the second quarter worth about $109,000. Finally, CWM LLC lifted its stake in shares of Liberty Global by 1,159.4% in the 3rd quarter. CWM LLC now owns 6,272 shares of the company’s stock valued at $136,000 after acquiring an additional 5,774 shares during 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.