Algert Global LLC trimmed its stake in Liberty Global PLC (NASDAQ:LBTYA) by 42.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,080 shares of the company’s stock after selling 31,401 shares during the quarter. Algert Global LLC’s holdings in Liberty Global were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in Liberty Global by 75.2% in the third quarter. Tower Research Capital LLC TRC now owns 7,763 shares of the company’s stock worth $225,000 after buying an additional 3,331 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in Liberty Global in the third quarter worth approximately $234,000. Quantitative Systematic Strategies LLC increased its holdings in Liberty Global by 27.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 10,200 shares of the company’s stock worth $281,000 after buying an additional 2,192 shares during the last quarter. Signition LP acquired a new position in Liberty Global in the third quarter worth approximately $326,000. Finally, Stevens Capital Management LP acquired a new position in Liberty Global in the third quarter worth approximately $342,000. 23.81% of the stock is owned by institutional investors and hedge funds.
LBTYA has been the topic of several analyst reports. BidaskClub downgraded Liberty Global from a “hold” rating to a “sell” rating in a report on Friday. Pivotal Research reiterated a “buy” rating and set a $35.00 price target on shares of Liberty Global in a report on Tuesday, September 11th. Zacks Investment Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Monday, October 1st. Bank of America set a $37.00 price target on Liberty Global and gave the company a “hold” rating in a report on Friday, November 9th. Finally, UBS Group upgraded Liberty Global from a “neutral” rating to a “buy” rating and lowered their price target for the company from $37.00 to $33.50 in a report on Friday, August 24th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.50.
Shares of LBTYA stock opened at $23.73 on Friday. Liberty Global PLC has a 12 month low of $22.21 and a 12 month high of $39.73. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $18.29 billion, a price-to-earnings ratio of -10.36 and a beta of 1.55.
Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Wednesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.83). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.94 billion. Liberty Global had a negative return on equity of 36.93% and a negative net margin of 2.06%. On average, sell-side analysts anticipate that Liberty Global PLC will post -0.32 earnings per share for the current fiscal year.
In other news, CFO Charles H. R. Bracken sold 46,054 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $27.27, for a total value of $1,255,892.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.93% of the company’s stock.
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About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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