Liberty Global (NASDAQ:LBTYK) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Liberty Global Ltd (NASDAQ:LBTYK) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.45 and traded as low as $10.96. Liberty Global shares last traded at $11.08, with a volume of 1,344,206 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LBTYK shares. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Liberty Global Stock Up 1.4%

The stock has a market cap of $3.75 billion, a P/E ratio of -0.69 and a beta of 0.88. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average is $11.49 and its 200-day moving average is $11.45.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $1.31. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Insider Activity at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the transaction, the director owned 53,876 shares in the company, valued at $621,729.04. This trade represents a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LBTYK. California State Teachers Retirement System increased its holdings in shares of Liberty Global by 0.8% in the second quarter. California State Teachers Retirement System now owns 145,501 shares of the company’s stock valued at $1,500,000 after buying an additional 1,116 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Liberty Global by 9.7% during the 4th quarter. Arkadios Wealth Advisors now owns 13,061 shares of the company’s stock worth $144,000 after acquiring an additional 1,157 shares in the last quarter. CWM LLC boosted its stake in shares of Liberty Global by 28.1% during the 4th quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $65,000 after acquiring an additional 1,286 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Liberty Global by 9.3% in the 4th quarter. Perigon Wealth Management LLC now owns 21,111 shares of the company’s stock worth $233,000 after acquiring an additional 1,789 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Liberty Global by 15.7% in the 3rd quarter. Raymond James Financial Inc. now owns 13,271 shares of the company’s stock worth $156,000 after acquiring an additional 1,796 shares during the last quarter. 46.10% of the stock is owned by institutional investors.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.