Liberty Global PLC (NASDAQ:LBTYA) Director J David Wargo acquired 75,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $22.08 per share, for a total transaction of $1,656,000.00. Following the completion of the transaction, the director now directly owns 119,445 shares of the company’s stock, valued at $2,637,345.60. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Liberty Global PLC (NASDAQ LBTYA) traded up $0.11 on Wednesday, hitting $30.64. 456,066 shares of the stock were exchanged, compared to its average volume of 2,416,833. The firm has a market capitalization of $6,750.00, a price-to-earnings ratio of 37.05 and a beta of 1.62. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.47 and a quick ratio of 0.47. Liberty Global PLC has a 1-year low of $28.17 and a 1-year high of $37.69.
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LBTYA has been the subject of a number of research reports. Macquarie downgraded Liberty Global PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Liberty Global PLC in a research note on Monday, October 2nd. Buckingham Research assumed coverage on Liberty Global PLC in a research note on Friday, September 29th. They issued a “buy” rating and a $44.00 target price for the company. BidaskClub raised Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Morgan Stanley upped their price target on Liberty Global PLC from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $40.13.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in Liberty Global PLC by 0.6% in the second quarter. Franklin Resources Inc. now owns 8,610 shares of the company’s stock valued at $277,000 after buying an additional 48 shares during the period. Jacobi Capital Management LLC grew its position in Liberty Global PLC by 1.1% in the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock valued at $162,000 after purchasing an additional 57 shares in the last quarter. AXA grew its position in Liberty Global PLC by 3.3% in the second quarter. AXA now owns 9,476 shares of the company’s stock valued at $305,000 after purchasing an additional 300 shares in the last quarter. High Pointe Capital Management LLC grew its position in shares of Liberty Global PLC by 5.7% in the 2nd quarter. High Pointe Capital Management LLC now owns 6,670 shares of the company’s stock valued at $214,000 after acquiring an additional 360 shares during the period. Finally, Profund Advisors LLC grew its position in shares of Liberty Global PLC by 2.5% in the 2nd quarter. Profund Advisors LLC now owns 17,740 shares of the company’s stock valued at $570,000 after acquiring an additional 432 shares during the period. 22.53% of the stock is currently owned by institutional investors and hedge funds.
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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