Posted by admin on Jun 6th, 2022
Liberty Global plc (NASDAQ:LBTYK – Get Rating) CFO Charles H. R. Bracken sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $25.50, for a total transaction of $45,900.00. Following the transaction, the chief financial officer now owns 168,510 shares in the company, valued at approximately $4,297,005. The sale was disclosed in a filing with the SEC, which is available at this link.
LBTYK traded down $0.06 during trading on Monday, reaching $25.18. 1,265,297 shares of the company’s stock were exchanged, compared to its average volume of 2,336,085. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. Liberty Global plc has a 1 year low of $21.83 and a 1 year high of $30.49. The company’s fifty day simple moving average is $24.98 and its 200-day simple moving average is $26.39. The stock has a market capitalization of $13.17 billion, a P/E ratio of 1.09 and a beta of 1.15.
Liberty Global (NASDAQ:LBTYK – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $1.88 earnings per share for the quarter. The company had revenue of $1.85 billion for the quarter. Liberty Global had a return on equity of 16.37% and a net margin of 148.96%.
Large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Liberty Global in the fourth quarter worth about $77,245,000. Empyrean Capital Partners LP boosted its position in Liberty Global by 112.1% during the third quarter. Empyrean Capital Partners LP now owns 2,190,478 shares of the company’s stock worth $64,531,000 after purchasing an additional 1,157,826 shares in the last quarter. ACR Alpine Capital Research LLC grew its holdings in Liberty Global by 14.8% in the first quarter. ACR Alpine Capital Research LLC now owns 7,410,849 shares of the company’s stock valued at $192,015,000 after purchasing an additional 955,216 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Liberty Global in the first quarter valued at approximately $23,945,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Liberty Global by 450.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,095,014 shares of the company’s stock worth $32,259,000 after buying an additional 896,158 shares during the period. 54.11% of the stock is owned by institutional investors.
LBTYK has been the topic of a number of research analyst reports. StockNews.com raised shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Friday, May 20th. TheStreet lowered Liberty Global from a “b-” rating to a “c” rating in a report on Friday, May 6th.
About Liberty Global (Get Rating)
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; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.
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