Liberty Global PLC (LBTYA) Short Interest Down 14.3% in July
Liberty Global PLC (NASDAQ:LBTYA) was the recipient of a large decline in short interest during the month of July. As of July 14th, there was short interest totalling 8,772,967 shares, a decline of 14.3% from the June 30th total of 10,234,466 shares. Based on an average trading volume of 2,313,438 shares, the days-to-cover ratio is presently 3.8 days. Currently, 3.8% of the company’s stock are sold short.
In other Liberty Global PLC news, Director John C. Malone bought 242,778 shares of the stock in a transaction dated Wednesday, July 12th. The shares were bought at an average cost of $24.83 per share, for a total transaction of $6,028,177.74. Following the purchase, the director now directly owns 927,830 shares of the company’s stock, valued at approximately $23,038,018.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John C. Malone bought 223,186 shares of the stock in a transaction dated Thursday, July 6th. The shares were acquired at an average price of $21.76 per share, for a total transaction of $4,856,527.36. Following the completion of the purchase, the director now directly owns 761,816 shares in the company, valued at $16,577,116.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,610,000 shares of company stock worth $37,412,081 over the last ninety days. Insiders own 3.93% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of LBTYA. Leucadia National Corp bought a new position in Liberty Global PLC during the first quarter valued at approximately $3,012,000. Artisan Partners Limited Partnership increased its position in Liberty Global PLC by 0.7% in the first quarter. Artisan Partners Limited Partnership now owns 10,900,902 shares of the company’s stock valued at $391,015,000 after buying an additional 76,709 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Liberty Global PLC by 66.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 52,450 shares of the company’s stock valued at $1,881,000 after buying an additional 20,993 shares during the period. Nomura Holdings Inc. increased its position in Liberty Global PLC by 43.9% in the first quarter. Nomura Holdings Inc. now owns 22,079 shares of the company’s stock valued at $791,000 after buying an additional 6,741 shares during the period. Finally, Credit Suisse AG increased its position in Liberty Global PLC by 41.3% in the first quarter. Credit Suisse AG now owns 493,598 shares of the company’s stock valued at $17,705,000 after buying an additional 144,149 shares during the period. 23.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on LBTYA. Macquarie reiterated a “buy” rating and set a $42.00 target price on shares of Liberty Global PLC in a research note on Tuesday, April 4th. Jefferies Group LLC lifted their target price on Liberty Global PLC from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $42.00 target price on shares of Liberty Global PLC in a research note on Friday, May 5th. Zacks Investment Research cut Liberty Global PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Pivotal Research lowered their target price on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $39.92.
Shares of Liberty Global PLC (LBTYA) opened at 33.25 on Friday. The company has a market capitalization of $34.23 billion, a PE ratio of 19.99 and a beta of 1.66. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69. The stock’s 50 day moving average price is $31.15 and its 200 day moving average price is $33.59.
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About Liberty Global PLC
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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