Posted by admin on Aug 5th, 2022

Envestnet Asset Management Inc. grew its position in shares of Liberty Global plc (NASDAQ:LBTYK – Get Rating) by 24.1% in the 1st quarter, HoldingsChannel reports. The firm owned 650,522 shares of the company’s stock after acquiring an additional 126,221 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Liberty Global were worth $16,855,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its stake in Liberty Global by 13.9% during the first quarter. Spire Wealth Management now owns 3,676 shares of the company’s stock worth $95,000 after purchasing an additional 450 shares during the last quarter. Private Advisor Group LLC bought a new stake in Liberty Global during the fourth quarter worth about $217,000. National Asset Management Inc. bought a new stake in Liberty Global during the first quarter worth about $203,000. qPULA Trading Management LP bought a new stake in Liberty Global during the fourth quarter worth about $237,000. Finally, Revolve Wealth Partners LLC bought a new stake in Liberty Global during the fourth quarter worth about $238,000. Institutional investors own 54.11% of the company’s stock.

In related news, EVP Bryan H. Hall sold 30,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $24.22, for a total transaction of $726,600.00. Following the transaction, the executive vice president now owns 175,984 shares in the company, valued at approximately $4,262,332.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Bryan H. Hall sold 30,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $24.22, for a total transaction of $726,600.00. Following the transaction, the executive vice president now owns 175,984 shares in the company, valued at approximately $4,262,332.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bryan H. Hall sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $23.32, for a total value of $279,840.00. Following the transaction, the executive vice president now owns 143,984 shares in the company, valued at approximately $3,357,706.88. The disclosure for this sale can be found here. Insiders have sold a total of 90,479 shares of company stock worth $2,165,060 in the last 90 days.

NASDAQ LBTYK opened at $22.77 on Friday. Liberty Global plc has a 1-year low of $21.23 and a 1-year high of $30.49. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $23.06 and a 200-day moving average of $24.82. The firm has a market cap of $11.91 billion, a PE ratio of 2.51 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYK – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $1.88 earnings per share (EPS) for the quarter. Liberty Global had a return on equity of 15.10% and a net margin of 63.77%. The company had revenue of $1.85 billion for the quarter.

Several equities research analysts have issued reports on the company. StockNews.com lowered Liberty Global from a “hold” rating to a “sell” rating in a research note on Monday. TheStreet lowered Liberty Global from a “b-” rating to a “c” rating in a research note on Friday, May 6th. Finally, Pivotal Research lowered their target price on Liberty Global from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, July 18th.

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.

Want to see what other hedge funds are holding LBTYK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Global plc (NASDAQ:LBTYK – Get Rating).

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