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

Liberty Global Ltd. (NASDAQ:LBTYK) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.97, but opened at $14.67. Liberty Global shares last traded at $14.67, with a volume of 290 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Global in a research note on Thursday, November 14th. They issued a “hold” rating on the stock.

Liberty Global Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $5.17 billion, a P/E ratio of -1.43 and a beta of 1.14. The firm’s 50 day moving average is $19.37 and its 200 day moving average is $18.97.

Hedge Funds Weigh In On Liberty Global

Institutional investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in Liberty Global by 3.6% during the third quarter. State Street Corp now owns 3,797,422 shares of the company’s stock worth $82,062,000 after buying an additional 131,875 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Global by 151.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after acquiring an additional 2,219,823 shares in the last quarter. Rubric Capital Management LP grew its position in shares of Liberty Global by 0.3% during the 3rd quarter. Rubric Capital Management LP now owns 3,522,428 shares of the company’s stock valued at $76,120,000 after acquiring an additional 11,424 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Liberty Global by 18.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock valued at $52,303,000 after purchasing an additional 447,135 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Liberty Global by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after purchasing an additional 18,319 shares during the period. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

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.