Liberty Global (NASDAQ:LBTYA) Lowered to Neutral at New Street Research

New Street Research cut shares of Liberty Global (NASDAQ:LBTYA) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Societe Generale set a $36.00 target price on Liberty Global and gave the stock a buy rating in a research note on Wednesday, July 3rd. Bank of America cut Liberty Global from a neutral rating to an underperform rating and cut their target price for the stock from $38.60 to $23.50 in a research note on Wednesday, April 10th. Pivotal Research restated a buy rating and set a $31.00 target price on shares of Liberty Global in a research note on Sunday, June 30th. Benchmark began coverage on Liberty Global in a research note on Thursday, July 25th. They set a buy rating and a $34.00 target price for the company. Finally, BidaskClub cut Liberty Global from a hold rating to a sell rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $31.71.

NASDAQ LBTYA traded up $0.17 on Thursday, hitting $25.98. 3,215,612 shares of the company’s stock were exchanged, compared to its average volume of 1,958,625. The business has a 50-day moving average price of $27.02. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 6.85. Liberty Global has a 52 week low of $19.88 and a 52 week high of $29.55. The company has a market cap of $19.04 billion, a PE ratio of -13.19 and a beta of 1.50.

In other news, Director Richard R. Green sold 40,448 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $24.54, for a total value of $992,593.92. Following the completion of the transaction, the director now directly owns 15,993 shares in the company, valued at approximately $392,468.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J C. Sparkman sold 20,931 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $25.25, for a total value of $528,507.75. Following the completion of the transaction, the director now owns 17,950 shares of the company’s stock, valued at $453,237.50. The disclosure for this sale can be found here. Insiders sold a total of 234,951 shares of company stock valued at $5,806,909 over the last quarter. 6.48% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Mycio Wealth Partners LLC acquired a new stake in Liberty Global in the second quarter valued at $25,000. NuWave Investment Management LLC increased its holdings in Liberty Global by 71.5% in the first quarter. NuWave Investment Management LLC now owns 1,024 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares during the period. Atria Investments LLC acquired a new stake in Liberty Global in the second quarter valued at $338,000. Oppenheimer & Co. Inc. acquired a new stake in Liberty Global in the first quarter valued at $230,000. Finally, TD Asset Management Inc. acquired a new stake in Liberty Global in the first quarter valued at $241,000. Institutional investors own 23.23% of the company’s stock.

About Liberty Global

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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