Liberty Global PLC (NASDAQ:LBTYA) Director J David Wargo purchased 75,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $22.08 per share, for a total transaction of $1,656,000.00. Following the purchase, the director now owns 119,445 shares in the company, valued at approximately $2,637,345.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Liberty Global PLC (LBTYA) opened at $29.35 on Wednesday. The company has a market capitalization of $24,418.23, a PE ratio of 36.29 and a beta of 1.62. Liberty Global PLC has a twelve month low of $28.17 and a twelve month 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.
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LBTYA has been the topic of several recent analyst reports. Deutsche Bank AG initiated coverage on Liberty Global PLC in a research note on Wednesday, September 6th. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research lowered Liberty Global PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Exane BNP Paribas lowered Liberty Global PLC from an “outperform” rating to an “underperform” rating in a research report on Monday, September 11th. Pivotal Research reduced their price objective on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC boosted their price objective on Liberty Global PLC from $40.00 to $43.50 and gave the stock an “overweight” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $40.13.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allen Investment Management LLC lifted its stake in shares of Liberty Global PLC by 14.6% in the 2nd quarter. Allen Investment Management LLC now owns 90,921 shares of the company’s stock valued at $2,920,000 after purchasing an additional 11,561 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new position in shares of Liberty Global PLC in the 2nd quarter valued at about $1,754,000. Legal & General Group Plc lifted its stake in shares of Liberty Global PLC by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 1,097,107 shares of the company’s stock valued at $35,238,000 after purchasing an additional 15,011 shares during the period. Beck Mack & Oliver LLC lifted its stake in shares of Liberty Global PLC by 25.1% in the 2nd quarter. Beck Mack & Oliver LLC now owns 1,541,373 shares of the company’s stock valued at $49,509,000 after purchasing an additional 308,913 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Liberty Global PLC by 9.2% in the 2nd quarter. Royal Bank of Canada now owns 205,141 shares of the company’s stock valued at $6,590,000 after purchasing an additional 17,258 shares during the period. 21.82% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Global PLC 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.
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