Liberty Global (NASDAQ:LBTYK) Sees Unusually-High Trading Volume – Here’s Why

Shares of Liberty Global Ltd. (NASDAQ:LBTYK) saw unusually-high trading volume on Monday . Approximately 2,630,420 shares traded hands during trading, an increase of 74% from the previous session’s volume of 1,513,991 shares.The stock last traded at $13.32 and had previously closed at $13.33.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Liberty Global in a report on Wednesday, January 1st. They issued a “hold” rating on the stock.

Liberty Global Stock Down 0.3 %

The firm has a market cap of $4.75 billion, a P/E ratio of -1.31 and a beta of 1.21. The firm’s 50-day moving average price is $15.07 and its 200 day moving average price is $18.23. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

Insider Buying and Selling at Liberty Global

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently modified their holdings of the company. US Bancorp DE raised its position in shares of Liberty Global by 124.9% during the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after purchasing an additional 1,200 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in 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 in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Liberty Global in the second quarter worth about $109,000. CWM LLC increased its position in shares of Liberty Global by 1,159.4% in the third quarter. CWM LLC now owns 6,272 shares of the company’s stock worth $136,000 after acquiring an additional 5,774 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Liberty Global during the third quarter valued at approximately $185,000. 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.