Liberty Global (NASDAQ:LBTYA) Reaches New 52-Week Low After Earnings Miss

Shares of Liberty Global Ltd. (NASDAQ:LBTYA) hit a new 52-week low during trading on Friday following a dissappointing earnings announcement. The stock traded as low as $9.77 and last traded at $9.83, with a volume of 945875 shares traded. The stock had previously closed at $10.88.

The company reported ($3.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.83) by ($3.01). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LBTYA. Sanford C. Bernstein downgraded Liberty Global from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.43.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC increased its stake in Liberty Global by 333.3% in the 4th quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock worth $221,730,000 after buying an additional 13,366,743 shares during the period. Norges Bank bought a new position in Liberty Global in the fourth quarter worth approximately $48,381,000. Wolf Hill Capital Management LP purchased a new stake in Liberty Global during the fourth quarter worth $27,413,000. Contour Asset Management LLC bought a new stake in Liberty Global during the 4th quarter valued at $25,730,000. Finally, Vanguard Group Inc. raised its position in shares of Liberty Global by 55.3% in the 4th quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company’s stock worth $66,865,000 after acquiring an additional 1,866,197 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Down 11.4 %

The business has a 50 day moving average of $11.10 and a two-hundred day moving average of $12.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. The stock has a market capitalization of $3.36 billion, a PE ratio of 2.30 and a beta of 1.25.

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.