Liberty Global PLC (NASDAQ:LBTYA) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 8,790,000 shares, a drop of 49.4% from the August 30th total of 17,370,000 shares. Approximately 4.4% of the shares of the company are short sold. Based on an average trading volume of 2,550,000 shares, the short-interest ratio is presently 3.4 days.
In related news, Director David E. Rapley sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $23.82, for a total value of $47,640.00. Following the transaction, the director now directly owns 6,045 shares of the company’s stock, valued at approximately $143,991.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bryan H. Hall sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $27.10, for a total value of $542,000.00. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $4,329,604.40. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eminence Capital LP increased its position in shares of Liberty Global by 3.4% during the second quarter. Eminence Capital LP now owns 521,455 shares of the company’s stock valued at $14,074,000 after purchasing an additional 17,264 shares during the period. Renaissance Technologies LLC increased its position in shares of Liberty Global by 20.2% during the second quarter. Renaissance Technologies LLC now owns 1,227,987 shares of the company’s stock valued at $33,143,000 after purchasing an additional 206,700 shares during the period. CIBC Asset Management Inc increased its position in shares of Liberty Global by 3.9% during the second quarter. CIBC Asset Management Inc now owns 17,556 shares of the company’s stock valued at $474,000 after purchasing an additional 660 shares during the period. First Trust Advisors LP increased its position in shares of Liberty Global by 0.6% during the second quarter. First Trust Advisors LP now owns 167,843 shares of the company’s stock valued at $4,530,000 after purchasing an additional 985 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Liberty Global by 23.8% during the second quarter. Janus Henderson Group PLC now owns 158,227 shares of the company’s stock valued at $4,271,000 after purchasing an additional 30,388 shares during the period. Institutional investors and hedge funds own 23.16% of the company’s stock.
NASDAQ LBTYA traded up $0.69 during trading on Friday, hitting $24.49. The company’s stock had a trading volume of 2,620,289 shares, compared to its average volume of 2,615,660. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 7.15. The firm has a 50 day moving average price of $26.06 and a 200 day moving average price of $26.40. The firm has a market cap of $18.17 billion, a P/E ratio of -12.43 and a beta of 1.47. Liberty Global has a 52 week low of $19.88 and a 52 week high of $28.62.
Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.89). The business had revenue of $2.85 billion during the quarter. Liberty Global had a negative return on equity of 26.88% and a net margin of 9.11%. On average, equities analysts expect that Liberty Global will post -1.19 earnings per share for the current year.
Several research analysts have commented on LBTYA shares. New Street Research downgraded Liberty Global from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. Societe Generale set a $36.00 price target on Liberty Global and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Pivotal Research reaffirmed a “buy” rating and issued a $31.00 price target on shares of Liberty Global in a research report on Sunday, June 30th. Barclays downgraded Liberty Global from an “overweight” rating to an “equal weight” rating and set a $30.00 price target on the stock. in a research report on Wednesday, September 25th. Finally, BidaskClub raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Liberty Global currently has an average rating of “Hold” and an average target price of $30.21.
Liberty Global Company Profile
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.
Further Reading: Lock-Up Period Expiration
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