StockNews.com Begins Coverage on Liberty Global (NASDAQ:LBTYK)

StockNews.com assumed coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the stock.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $12.45 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global has a one year low of $11.25 and a one year high of $22.14. The business’s 50 day simple moving average is $20.47 and its two-hundred day simple moving average is $19.19. The stock has a market capitalization of $4.45 billion, a P/E ratio of -1.23 and a beta of 1.14.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds have recently modified their holdings of LBTYK. Cetera Investment Advisers increased its stake in shares of Liberty Global by 91.8% during the first quarter. Cetera Investment Advisers now owns 214,785 shares of the company’s stock valued at $3,789,000 after buying an additional 102,828 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Liberty Global during the 3rd quarter valued at $7,471,000. Susquehanna International Group LLP raised its holdings in Liberty Global by 121.1% in the 2nd quarter. Susquehanna International Group LLP now owns 376,698 shares of the company’s stock worth $6,724,000 after purchasing an additional 206,318 shares in the last quarter. Atria Investments Inc lifted its position in shares of Liberty Global by 10.4% in the 1st quarter. Atria Investments Inc now owns 407,587 shares of the company’s stock worth $7,190,000 after purchasing an additional 38,437 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Liberty Global by 296.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,522 shares of the company’s stock valued at $668,000 after purchasing an additional 23,568 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

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.