Simplex Trading LLC grew its position in Liberty Global PLC (NASDAQ:LBTYA) by 20.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,762 shares of the company’s stock after buying an additional 8,343 shares during the quarter. Simplex Trading LLC’s holdings in Liberty Global were worth $1,231,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Baupost Group LLC MA increased its position in Liberty Global by 50.1% during the 2nd quarter. Baupost Group LLC MA now owns 7,440,705 shares of the company’s stock worth $200,825,000 after purchasing an additional 2,483,500 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Liberty Global during the 2nd quarter worth about $9,659,000. CQS Cayman LP purchased a new stake in Liberty Global during the 2nd quarter worth about $7,921,000. Renaissance Technologies LLC increased its position in Liberty Global by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,227,987 shares of the company’s stock worth $33,143,000 after purchasing an additional 206,700 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Liberty Global by 289.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 264,499 shares of the company’s stock worth $7,139,000 after purchasing an additional 196,650 shares in the last quarter. Institutional investors and hedge funds own 23.16% of the company’s stock.
A number of analysts recently commented on LBTYA shares. Barclays cut Liberty Global from an “overweight” rating to an “equal weight” rating and set a $30.00 price objective for the company. in a research report on Wednesday, September 25th. Citigroup cut Liberty Global from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $31.00 to $25.00 in a research report on Friday, September 20th. New Street Research cut Liberty Global from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. Benchmark initiated coverage on Liberty Global in a report on Thursday, July 25th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Societe Generale set a $36.00 price target on Liberty Global and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.21.
In other news, Director David E. Rapley sold 2,000 shares of Liberty Global stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $23.82, for a total value of $47,640.00. Following the transaction, the director now directly owns 6,045 shares of the company’s stock, valued at approximately $143,991.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryan H. Hall sold 20,000 shares of Liberty Global stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $27.10, for a total value of $542,000.00. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $4,329,604.40. The disclosure for this sale can be found here. 6.48% of the stock is owned by insiders.
LBTYA traded up $0.58 during midday trading on Wednesday, hitting $26.30. The company’s stock had a trading volume of 336,207 shares, compared to its average volume of 2,633,036. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 7.15. The firm has a market cap of $17.89 billion, a P/E ratio of -13.34 and a beta of 1.47. The firm has a 50-day moving average price of $25.98 and a two-hundred day moving average price of $26.38. Liberty Global PLC has a 52-week low of $19.88 and a 52-week high of $28.62.
Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.89). The business had revenue of $2.85 billion during the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. On average, equities analysts expect that Liberty Global PLC will post -1.19 EPS for the current year.
Liberty Global Company Profile
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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