Liberty Global PLC (NASDAQ:LBTYA) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 3,394,000 shares, a drop of 31.5% from the May 30th total of 4,957,700 shares. Based on an average trading volume of 1,510,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.7% of the company’s shares are sold short.
A number of equities research analysts recently weighed in on LBTYA shares. Societe Generale set a $36.00 price objective on shares of Liberty Global and gave the company a “buy” rating in a report on Wednesday, July 3rd. BidaskClub lowered shares of Boingo Wireless from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Bank of America set a $25.00 price objective on shares of Bed Bath & Beyond and gave the company a “buy” rating in a report on Wednesday, April 10th. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Monday, April 29th. Finally, Pivotal Research reiterated a “buy” rating and set a $31.00 price objective on shares of Liberty Global in a report on Sunday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.33.
Shares of NASDAQ:LBTYA traded down $0.01 during trading hours on Friday, hitting $27.17. The company’s stock had a trading volume of 1,078,266 shares, compared to its average volume of 1,399,015. Liberty Global has a 52 week low of $19.88 and a 52 week high of $29.58. The company has a debt-to-equity ratio of 6.85, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $20.05 billion, a P/E ratio of -13.79 and a beta of 1.50. The company’s fifty day moving average is $26.40.
Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.36). Liberty Global had a net margin of 16.23% and a negative return on equity of 2.41%. The business had revenue of $2.87 billion during the quarter. Equities research analysts forecast that Liberty Global will post -0.91 EPS for the current year.
In other news, Director J C. Sparkman sold 20,931 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $25.25, for a total value of $528,507.75. Following the completion of the sale, the director now owns 17,950 shares in the company, valued at approximately $453,237.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bryan H. Hall sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $25.18, for a total transaction of $50,360.00. Following the completion of the sale, the executive vice president now owns 167,138 shares of the company’s stock, valued at approximately $4,208,534.84. The disclosure for this sale can be found here. Insiders sold a total of 234,951 shares of company stock valued at $5,806,909 in the last 90 days. Company insiders own 6.48% of the company’s stock.
Large investors have recently bought and sold shares of the company. NuWave Investment Management LLC raised its holdings in shares of Liberty Global by 71.5% in the 1st quarter. NuWave Investment Management LLC now owns 1,024 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at about $26,000. Kinneret Advisory LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at about $84,000. QS Investors LLC raised its holdings in shares of Liberty Global by 21.1% in the 4th quarter. QS Investors LLC now owns 4,015 shares of the company’s stock valued at $86,000 after purchasing an additional 700 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Liberty Global in the 1st quarter valued at about $230,000. Institutional investors and hedge funds own 23.25% of the company’s stock.
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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