Liberty Global (NASDAQ:LBTYA) Reaches New 1-Year Low – Here’s Why

Liberty Global Ltd. (NASDAQ:LBTYA) shares reached a new 52-week low on Monday . The stock traded as low as $9.00 and last traded at $11.10, with a volume of 4169 shares traded. The stock had previously closed at $20.51.

Wall Street Analysts Forecast Growth

LBTYA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research report on Tuesday, October 29th. Citigroup started coverage on Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Bank of America raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $15.50 to $21.30 in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.26.

Liberty Global Price Performance

The company has a quick ratio of 1.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $20.46 and its 200 day moving average price is $18.69. The stock has a market cap of $4.06 billion, a PE ratio of -1.09 and a beta of 1.18.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP raised its position in shares of Liberty Global by 43.7% during the 2nd quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company’s stock valued at $96,320,000 after buying an additional 1,680,756 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Liberty Global by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,658,338 shares of the company’s stock valued at $63,765,000 after purchasing an additional 82,560 shares during the period. Vanguard Group Inc. lifted its stake in shares of Liberty Global by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 3,446,543 shares of the company’s stock valued at $58,316,000 after purchasing an additional 131,077 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Liberty Global by 212.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company’s stock worth $57,336,000 after purchasing an additional 2,236,696 shares during the period. Finally, ACR Alpine Capital Research LLC increased its position in shares of Liberty Global by 11.5% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company’s stock valued at $53,317,000 after purchasing an additional 314,726 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other 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.