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

StockNews.com started coverage on shares of Liberty Global (NASDAQ:LBTYK) in a research note issued to investors on Thursday. The firm issued a hold rating on the stock.

Liberty Global Stock Down 2.0 %

Liberty Global stock opened at $12.45 on Thursday. Liberty Global has a 52-week low of $11.25 and a 52-week high of $22.14. The company’s 50 day moving average is $20.47 and its two-hundred day moving average is $19.18. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LBTYK. Dimensional Fund Advisors LP grew its position in shares of Liberty Global by 151.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock valued at $65,766,000 after buying an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP grew its position in shares of Liberty Global by 85.4% in the 2nd quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company’s stock valued at $62,671,000 after buying an additional 1,617,711 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Liberty Global by 18.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after purchasing an additional 447,135 shares during the last quarter. Long Focus Capital Management LLC raised its holdings in shares of Liberty Global by 39.7% in the second quarter. Long Focus Capital Management LLC now owns 1,442,000 shares of the company’s stock valued at $25,740,000 after buying an additional 410,000 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Liberty Global in the 3rd quarter valued at about $7,471,000. 46.10% of the stock is owned by hedge funds and other 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.