Liberty Global (NASDAQ:LBTYK) Hits New 52-Week Low Following Weak Earnings

Liberty Global Ltd. (NASDAQ:LBTYK)’s share price hit a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $9.21 and last traded at $10.15, with a volume of 639360 shares. The stock had previously closed at $11.37.

The company reported ($3.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($3.13). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.08 billion.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Global in a research report on Friday, January 17th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Liberty Global by 31.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,345,019 shares of the company’s stock worth $43,954,000 after acquiring an additional 807,953 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Liberty Global by 14.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company’s stock worth $82,852,000 after buying an additional 796,034 shares during the period. American Century Companies Inc. increased its position in shares of Liberty Global by 7,017.5% in the fourth quarter. American Century Companies Inc. now owns 700,362 shares of the company’s stock worth $9,203,000 after acquiring an additional 690,522 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Liberty Global by 268.3% during the 4th quarter. Millennium Management LLC now owns 909,898 shares of the company’s stock valued at $11,956,000 after acquiring an additional 662,827 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Liberty Global by 18.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,484,494 shares of the company’s stock worth $45,786,000 after purchasing an additional 553,947 shares during the period. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Trading Down 12.7 %

The firm has a fifty day moving average of $11.54 and a 200-day moving average of $13.35. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 2.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05.

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.