Richard R. Green Sells 43,275 Shares of Liberty Global plc – Class A (NASDAQ:LBTYA) Stock

Liberty Global plc – Class A (NASDAQ:LBTYA) Director Richard R. Green sold 43,275 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $33.31, for a total transaction of $1,441,490.25. Following the sale, the director now owns 17,002 shares in the company, valued at $566,336.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Liberty Global plc – Class A (NASDAQ:LBTYA) opened at $36.87 on Friday. Liberty Global plc – Class A has a 52-week low of $28.17 and a 52-week high of $37.69. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.64. The company has a market cap of $30,252.02, a price-to-earnings ratio of 44.96 and a beta of 1.62.

Liberty Global plc – Class A announced that its board has authorized a share buyback program on Monday, December 18th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

A number of analysts have recently issued reports on LBTYA shares. BidaskClub upgraded shares of Liberty Global plc – Class A from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Pivotal Research reiterated a “buy” rating and issued a $44.00 price objective on shares of Liberty Global plc – Class A in a report on Tuesday, December 19th. Barclays lifted their price objective on shares of Liberty Global plc – Class A from $40.00 to $43.50 and gave the company an “overweight” rating in a report on Monday, October 16th. Macquarie cut shares of Liberty Global plc – Class A from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research cut shares of Liberty Global plc – Class A from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Liberty Global plc – Class A presently has a consensus rating of “Hold” and a consensus target price of $39.41.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Standard Life Investments LTD acquired a new position in Liberty Global plc – Class A in the second quarter valued at about $105,000. D.A. Davidson & CO. raised its stake in Liberty Global plc – Class A by 69.6% in the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after purchasing an additional 1,374 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in Liberty Global plc – Class A in the third quarter valued at about $108,000. Commonwealth Bank of Australia raised its stake in Liberty Global plc – Class A by 96.7% in the second quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock valued at $150,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its stake in Liberty Global plc – Class A 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. 21.99% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Richard R. Green Sells 43,275 Shares of Liberty Global plc – Class A (NASDAQ:LBTYA) Stock” was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.thelincolnianonline.com/2018/01/14/liberty-global-plc-class-a-lbtya-director-sells-1441490-25-in-stock-updated-updated-updated.html.

Liberty Global plc – Class A Company Profile

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.

Insider Buying and Selling by Quarter for Liberty Global plc - Class A (NASDAQ:LBTYA)

Receive News & Ratings for Liberty Global plc - Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global plc - Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply