Posted by admin on Aug 13th, 2022
Victory Capital Management Inc. trimmed its position in Liberty Global plc (NASDAQ:LBTYK – Get Rating) by 15.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,747 shares of the company’s stock after selling 13,887 shares during the period. Victory Capital Management Inc.’s holdings in Liberty Global were worth $1,819,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC acquired a new position in shares of Liberty Global in the 4th quarter worth approximately $354,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Liberty Global by 58.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 62,977 shares of the company’s stock valued at $1,800,000 after buying an additional 23,336 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Liberty Global by 36.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 41,007 shares of the company’s stock valued at $1,153,000 after acquiring an additional 10,935 shares during the last quarter. Congress Wealth Management LLC DE bought a new stake in shares of Liberty Global during the 4th quarter worth $275,000. Finally, Revolve Wealth Partners LLC acquired a new position in shares of Liberty Global in the 4th quarter worth $238,000. 54.11% of the stock is owned by institutional investors.
NASDAQ LBTYK opened at $23.29 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 2.55 and a beta of 1.13. The company has a 50 day simple moving average of $22.77 and a 200-day simple moving average of $24.66. Liberty Global plc has a 52-week low of $21.23 and a 52-week high of $30.49.
Liberty Global (NASDAQ:LBTYK – Get Rating) last released its earnings results on Thursday, July 28th. The company reported $3.80 earnings per share (EPS) for the quarter. Liberty Global had a net margin of 63.77% and a return on equity of 15.10%. The company had revenue of $1.75 billion during the quarter.
In other news, EVP Bryan H. Hall sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $24.22, for a total transaction of $726,600.00. Following the completion of the transaction, the executive vice president now directly owns 175,984 shares in the company, valued at $4,262,332.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Bryan H. Hall sold 30,000 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $24.22, for a total value of $726,600.00. Following the completion of the sale, the executive vice president now owns 175,984 shares in the company, valued at $4,262,332.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jason Waldron sold 14,277 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $22.18, for a total value of $316,663.86. Following the transaction, the chief accounting officer now owns 43,954 shares in the company, valued at $974,899.72. The disclosure for this sale can be found here. Insiders sold 104,756 shares of company stock valued at $2,481,724 over the last 90 days.
Several equities research analysts have recently commented on LBTYK shares. TheStreet downgraded Liberty Global from a “b-” rating to a “c” rating in a report on Friday, May 6th. Pivotal Research decreased their target price on shares of Liberty Global from $38.00 to $35.00 and set a “buy” rating for the company in a report on Monday, July 18th. Finally, StockNews.com upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Tuesday.
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.
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