Posted by admin on May 20th, 2022

Liberty Global (NASDAQ:LBTYK – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, TheStreet lowered shares of Liberty Global from a “b-” rating to a “c” rating in a report on Friday, May 6th.

NASDAQ LBTYK opened at $23.70 on Friday. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 1.02 and a beta of 1.16. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The firm’s 50 day simple moving average is $25.15 and its 200 day simple moving average is $26.69. Liberty Global has a 1 year low of $21.83 and a 1 year high of $30.49.

Liberty Global (NASDAQ:LBTYK – Get Rating) last posted its quarterly earnings results on Thursday, February 17th. The company reported $1.08 EPS for the quarter. The business had revenue of $1.92 billion during the quarter. Liberty Global had a net margin of 148.96% and a return on equity of 16.37%.

In related news, EVP Bryan H. Hall sold 30,000 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $24.22, for a total value of $726,600.00. Following the completion of the transaction, the executive vice president now directly owns 175,984 shares in the company, valued at approximately $4,262,332.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Liberty Global in the fourth quarter valued at $77,245,000. American Century Companies Inc. raised its holdings in shares of Liberty Global by 5,370.4% in the third quarter. American Century Companies Inc. now owns 1,365,519 shares of the company’s stock valued at $40,228,000 after acquiring an additional 1,340,557 shares in the last quarter. Empyrean Capital Partners LP raised its holdings in Liberty Global by 112.1% in the third quarter. Empyrean Capital Partners LP now owns 2,190,478 shares of the company’s stock worth $64,531,000 after purchasing an additional 1,157,826 shares in the last quarter. ACR Alpine Capital Research LLC raised its holdings in Liberty Global by 14.8% in the first quarter. ACR Alpine Capital Research LLC now owns 7,410,849 shares of the company’s stock worth $192,015,000 after purchasing an additional 955,216 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Liberty Global during the first quarter valued at about $23,945,000. 54.11% of the stock is currently owned by institutional investors.

About Liberty Global (Get Rating)

Liberty Global plc, 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 intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.

Liberty Global (NASDAQ:LBTYK) Upgraded at StockNews.com

Olympic Steel (NASDAQ:ZEUS) Upgraded by StockNews.com to “Buy”