Liberty Global (NASDAQ:LBTYK) Hits New 52-Week Low – Here’s What Happened

Liberty Global Ltd. (NASDAQ:LBTYK) reached a new 52-week low during trading on Wednesday . The stock traded as low as $11.25 and last traded at $12.18, with a volume of 260548 shares trading hands. The stock had previously closed at $21.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Global in a research note on Wednesday, November 6th. They issued a “hold” rating for the company.

Liberty Global Stock Down 41.8 %

The company has a 50 day moving average price of $20.95 and a 200 day moving average price of $19.28. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

Institutional Trading of Liberty Global

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in Liberty Global by 217.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,350 shares of the company’s stock worth $130,000 after acquiring an additional 5,037 shares in the last quarter. Empowered Funds LLC bought a new stake in Liberty Global in the 1st quarter valued at $1,477,000. SG Americas Securities LLC grew its holdings in Liberty Global by 129.6% in the 1st quarter. SG Americas Securities LLC now owns 25,469 shares of the company’s stock valued at $449,000 after buying an additional 14,376 shares in the last quarter. Headlands Technologies LLC grew its holdings in Liberty Global by 173.3% in the 1st quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock valued at $106,000 after buying an additional 3,793 shares in the last quarter. Finally, Councilmark Asset Management LLC acquired a new stake in shares of Liberty Global during the 1st quarter worth $337,000. 46.10% of the stock is currently owned by institutional investors.

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.