Liberty Global plc (NASDAQ:LBTYK) Sees Significant Growth in Short Interest - MarketBeat

2022-08-15 10:44:38 By : Ms. Jenny Qi

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Liberty Global plc (NASDAQ:LBTYK - Get Rating) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 10,850,000 shares, an increase of 15.4% from the July 15th total of 9,400,000 shares. Currently, 3.7% of the company's shares are sold short. Based on an average daily volume of 2,270,000 shares, the short-interest ratio is presently 4.8 days. Insider Transactions at Liberty Global

In related news, Director Paul A. Gould sold 6,880 shares of the company's stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $22.20, for a total value of $152,736.00. Following the sale, the director now directly owns 227,103 shares in the company, valued at $5,041,686.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Liberty Global news, Director Paul A. Gould sold 6,880 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $22.20, for a total transaction of $152,736.00. Following the transaction, the director now directly owns 227,103 shares in the company, valued at approximately $5,041,686.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles H. R. Bracken sold 1,800 shares of the company's stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $25.50, for a total value of $45,900.00. Following the transaction, the chief financial officer now directly owns 168,510 shares in the company, valued at $4,297,005. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,756 shares of company stock worth $2,481,724. Hedge Funds Weigh In On Liberty Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC increased its stake in shares of Liberty Global by 14.8% in the 1st quarter. ACR Alpine Capital Research LLC now owns 7,410,849 shares of the company's stock valued at $192,015,000 after purchasing an additional 955,216 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Liberty Global in the first quarter valued at approximately $23,945,000. BlackRock Inc. lifted its holdings in Liberty Global by 4.9% in the first quarter. BlackRock Inc. now owns 14,445,805 shares of the company's stock valued at $374,293,000 after acquiring an additional 675,496 shares during the last quarter. JPMorgan Chase & Co. raised its position in Liberty Global by 48.7% in the second quarter. JPMorgan Chase & Co. now owns 1,979,475 shares of the company's stock valued at $43,727,000 after purchasing an additional 648,173 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in Liberty Global by 64.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,620,729 shares of the company's stock valued at $45,526,000 after purchasing an additional 634,583 shares during the period. Hedge funds and other institutional investors own 54.11% of the company's stock. Liberty Global Price Performance

Shares of Liberty Global stock opened at $23.29 on Friday. The stock has a 50 day moving average of $22.73 and a 200 day moving average of $24.64. Liberty Global has a 12 month low of $21.23 and a 12 month high of $30.49. The firm has a market cap of $11.29 billion, a PE ratio of 2.57 and a beta of 1.13. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50.

Liberty Global (NASDAQ:LBTYK - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $3.80 EPS for the quarter. The company had revenue of $1.75 billion for the quarter. Liberty Global had a return on equity of 15.10% and a net margin of 63.77%. Analysts Set New Price Targets

Several brokerages have commented on LBTYK. StockNews.com upgraded Liberty Global from a "sell" rating to a "hold" rating in a research note on Tuesday, August 9th. Pivotal Research decreased their price objective on Liberty Global from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Monday, July 18th. Finally, TheStreet cut Liberty Global from a "b-" rating to a "c" rating in a report on Friday, May 6th.Liberty Global Company Profile (Get Rating)

Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.Featured StoriesGet a free copy of the StockNews.com research report on Liberty Global (LBTYK)2 Important Retail Stock Battles to WatchMarketBeat: Week in Review 8/8 - 8/12What Is WallStreetBets and What Stocks Are They Targeting?Institutions And Analysts Propel Jack In The Box Higher Can You Guess Which EV Stock Is Beating Tesla ?

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