Liberty Global (NASDAQ:LBTYA) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.35 and traded as high as $12.40. Liberty Global shares last traded at $12.17, with a volume of 1,457,185 shares changing hands.

Analyst Ratings Changes

LBTYA has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Liberty Global from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. UBS Group boosted their price target on shares of Liberty Global from $11.80 to $12.60 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Finally, Citigroup increased their price objective on shares of Liberty Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $14.40.

Liberty Global Stock Performance

The firm has a fifty day simple moving average of $11.69 and a 200-day simple moving average of $11.35. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. The company has a market cap of $4.08 billion, a PE ratio of -0.59 and a beta of 1.02.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Wednesday, February 18th. The company reported ($8.60) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($8.14). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Liberty Global had a negative net margin of 146.30% and a negative return on equity of 58.32%. On average, research analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Global

Large investors have recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Liberty Global by 75.0% during the fourth quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock worth $149,543,000 after acquiring an additional 5,751,520 shares during the last quarter. Norges Bank purchased a new stake in Liberty Global in the 2nd quarter valued at $37,954,000. Rubric Capital Management LP boosted its stake in Liberty Global by 29.3% during the 4th quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock worth $111,605,000 after purchasing an additional 2,268,065 shares during the period. Bank of Nova Scotia boosted its stake in Liberty Global by 1,576.5% during the 2nd quarter. Bank of Nova Scotia now owns 1,498,800 shares of the company’s stock worth $15,003,000 after purchasing an additional 1,409,400 shares during the period. Finally, Millennium Management LLC grew its position in Liberty Global by 124.1% during the 4th quarter. Millennium Management LLC now owns 2,149,639 shares of the company’s stock worth $23,947,000 after purchasing an additional 1,190,464 shares during the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.