Seven Eight Capital LP acquired a new position in shares of Liberty Global plc (NASDAQ:LBTYA – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,530 shares of the company’s stock, valued at approximately $673,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Captrust Financial Advisors raised its position in Liberty Global by 40.0% in the second quarter. Captrust Financial Advisors now owns 1,821 shares of the company’s stock valued at $38,000 after purchasing an additional 520 shares during the last quarter. CVA Family Office LLC raised its position in Liberty Global by 272.3% in the fourth quarter. CVA Family Office LLC now owns 2,420 shares of the company’s stock valued at $46,000 after purchasing an additional 1,770 shares during the last quarter. Franklin Resources Inc. raised its position in Liberty Global by 67.4% in the fourth quarter. Franklin Resources Inc. now owns 2,699 shares of the company’s stock valued at $51,000 after purchasing an additional 1,087 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Liberty Global in the fourth quarter valued at about $56,000. Finally, Blair William & Co. IL raised its position in Liberty Global by 202.1% in the first quarter. Blair William & Co. IL now owns 3,018 shares of the company’s stock valued at $59,000 after purchasing an additional 2,019 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. TheStreet downgraded Liberty Global from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Berenberg Bank lowered their price objective on Liberty Global from $33.00 to $26.00 in a research report on Friday, July 7th. Finally, Benchmark restated a “buy” rating and set a $33.00 price objective on shares of Liberty Global in a research report on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Liberty Global has an average rating of “Hold” and a consensus target price of $26.77.
Insider Buying and Selling
In other Liberty Global news, EVP Bryan H. Hall sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $19.82, for a total value of $99,100.00. Following the completion of the sale, the executive vice president now owns 133,902 shares of the company’s stock, valued at $2,653,937.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Charles H. R. Bracken sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $17.41, for a total value of $870,500.00. Following the transaction, the chief financial officer now owns 52,013 shares in the company, valued at $905,546.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan H. Hall sold 5,000 shares of Liberty Global stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $19.82, for a total value of $99,100.00. Following the sale, the executive vice president now owns 133,902 shares in the company, valued at $2,653,937.64. The disclosure for this sale can be found here. Insiders sold 105,000 shares of company stock valued at $1,916,100 over the last 90 days. Company insiders own 9.45% of the company’s stock.
Liberty Global Trading Up 2.1 %
NASDAQ LBTYA opened at $17.63 on Monday. The business has a 50 day simple moving average of $18.08 and a 200 day simple moving average of $18.17. Liberty Global plc has a one year low of $15.22 and a one year high of $22.09. The stock has a market capitalization of $7.48 billion, a P/E ratio of 1.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.45 and a quick ratio of 1.45.
Liberty Global (NASDAQ:LBTYA – Get Free Report) last released its earnings results on Monday, July 24th. The company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.89). Liberty Global had a negative return on equity of 15.74% and a negative net margin of 48.91%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Research analysts expect that Liberty Global plc will post -1.89 earnings per share for the current year.
Liberty Global Profile
Liberty Global plc, 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 intelligent WiFi features; internet services; security solutions, such as anti-virus, anti-spyware, firewall, and spam protection; smart home services; online storage solutions; web spaces; and Connect Box that delivers in-home Wi-Fi service.
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