Posted by admin on Aug 7th, 2022

Russell Investments Group Ltd. decreased its position in shares of Liberty Global plc (NASDAQ:LBTYK – Get Rating) by 31.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 344,572 shares of the company’s stock after selling 156,557 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Liberty Global worth $8,982,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of LBTYK. Spire Wealth Management lifted its holdings in Liberty Global by 13.9% in 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 period. National Asset Management Inc. acquired a new stake in Liberty Global in the first quarter worth about $203,000. Private Advisor Group LLC acquired a new stake in Liberty Global in the fourth quarter worth about $217,000. qPULA Trading Management LP acquired a new stake in Liberty Global in the fourth quarter worth about $237,000. Finally, Revolve Wealth Partners LLC acquired a new stake in Liberty Global in the fourth quarter worth about $238,000. Institutional investors and hedge funds own 54.11% of the company’s stock.

Shares of Liberty Global stock opened at $22.69 on Friday. The company’s 50-day moving average price is $22.99 and its two-hundred day moving average price is $24.76. 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 market cap of $11.00 billion, a PE ratio of 2.50 and a beta of 1.13. Liberty Global plc has a 52 week low of $21.23 and a 52 week high of $30.49.

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

Several equities research analysts recently weighed in on LBTYK shares. StockNews.com downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Pivotal Research dropped their price target on shares of Liberty Global from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. Finally, TheStreet cut shares of Liberty Global from a “b-” rating to a “c” rating in a research report on Friday, May 6th.

In other Liberty Global news, Director Paul A. Gould sold 6,880 shares of the firm’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $22.20, for a total value of $152,736.00. Following the completion of the transaction, the director now directly owns 227,103 shares in the company, valued at $5,041,686.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Bryan H. Hall sold 30,000 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $24.22, for a total value of $726,600.00. Following the completion of the sale, the executive vice president now directly owns 175,984 shares of the company’s stock, valued at $4,262,332.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul A. Gould sold 6,880 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $22.20, for a total transaction of $152,736.00. Following the completion of the sale, the director now directly owns 227,103 shares of the company’s stock, valued at $5,041,686.60. The disclosure for this sale can be found here. Insiders sold a total of 90,479 shares of company stock worth $2,165,060 over the last ninety days.

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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