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

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

Liberty Global Trading Up 0.4 %

Shares of LBTYK stock traded up $0.09 during trading hours on Wednesday, hitting $20.61. The company had a trading volume of 28,911 shares, compared to its average volume of 1,823,807. The company’s fifty day moving average is $20.86 and its 200 day moving average is $19.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global has a fifty-two week low of $16.03 and a fifty-two week high of $22.14. The stock has a market capitalization of $7.53 billion, a PE ratio of -2.02 and a beta of 1.14.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in Liberty Global by 91.8% during the 1st quarter. Cetera Investment Advisers now owns 214,785 shares of the company’s stock worth $3,789,000 after buying an additional 102,828 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Liberty Global during the 3rd quarter worth approximately $7,471,000. Empowered Funds LLC purchased a new stake in Liberty Global during the 1st quarter worth approximately $1,477,000. Keating Investment Counselors Inc. increased its stake in Liberty Global by 59.3% during the 1st quarter. Keating Investment Counselors Inc. now owns 417,368 shares of the company’s stock worth $7,362,000 after buying an additional 155,291 shares during the period. Finally, Susquehanna International Group LLP increased its stake in Liberty Global by 121.1% during the 2nd quarter. Susquehanna International Group LLP now owns 376,698 shares of the company’s stock worth $6,724,000 after buying an additional 206,318 shares during the period. 46.10% of the stock is currently owned by institutional investors and hedge funds.

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.