Liberty Global (NASDAQ:LBTYK) Coverage Initiated at StockNews.com

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

Liberty Global Stock Performance

Shares of LBTYK stock opened at $21.30 on Tuesday. The company has a market cap of $7.78 billion, a P/E ratio of -2.10 and a beta of 1.13. The business has a 50 day moving average of $21.00 and a two-hundred day moving average of $19.13. Liberty Global has a 52 week low of $16.03 and a 52 week high of $22.14. The company has a quick ratio of 1.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

Institutional Trading of Liberty Global

Institutional investors have recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators grew its holdings in Liberty Global by 41.4% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after acquiring an additional 754 shares during the period. US Bancorp DE grew its stake in shares of Liberty Global by 124.9% in the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after purchasing an additional 1,200 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Liberty Global in the 2nd quarter worth approximately $71,000. Headlands Technologies LLC raised its holdings in shares of Liberty Global by 173.3% in the 1st quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock worth $106,000 after purchasing an additional 3,793 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Liberty Global during the second quarter valued at approximately $109,000. 46.10% of the stock is owned by institutional investors and hedge funds.

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.