Liberty Global (NASDAQ:LBTYB) Shares Gap Up – Here’s Why

Shares of Liberty Global Ltd (NASDAQ:LBTYB) gapped up before the market opened on Tuesday . The stock had previously closed at $12.97, but opened at $13.60. Liberty Global shares last traded at $13.2150, with a volume of 3,402 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Global currently has a consensus rating of “Sell”.

Liberty Global Stock Down 0.9%

The business’s 50 day moving average price is $12.41 and its 200-day moving average price is $13.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $4.46 billion, a PE ratio of -1.46 and a beta of 0.43.

Liberty Global (NASDAQ:LBTYB) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.82% and a negative net margin of 62.11%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC acquired a new stake in Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,252 shares of the company’s stock, valued at approximately $68,000. Hedge funds and other institutional investors own 0.47% of the company’s stock.

About Liberty Global

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.