Liberty Global (NASDAQ:LBTYK) Now Covered by StockNews.com

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

Liberty Global Price Performance

NASDAQ LBTYK opened at $12.96 on Tuesday. The firm’s 50-day simple moving average is $16.58 and its two-hundred day simple moving average is $18.54. Liberty Global has a 52 week low of $11.25 and a 52 week high of $22.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market cap of $4.63 billion, a PE ratio of -1.28 and a beta of 1.20.

Insider Activity

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the business’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 sale, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in Liberty Global by 127.8% in the second quarter. Bank of New York Mellon Corp now owns 549,496 shares of the company’s stock worth $9,808,000 after buying an additional 308,324 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Liberty Global by 51.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,249 shares of the company’s stock worth $986,000 after acquiring an additional 18,724 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Liberty Global in the second quarter worth approximately $228,000. Rothschild Investment LLC bought a new stake in shares of Liberty Global during the 2nd quarter valued at $71,000. Finally, Rhumbline Advisers boosted its holdings in Liberty Global by 353.0% in the 2nd quarter. Rhumbline Advisers now owns 154,788 shares of the company’s stock worth $2,763,000 after buying an additional 120,620 shares during the period. 46.10% of the stock is currently owned by institutional investors.

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.