Liberty Global (NASDAQ:LBTYA) Shares Gap Up to $21.24

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Liberty Global PLC (NASDAQ:LBTYA) shares gapped up before the market opened on Monday . The stock had previously closed at $20.64, but opened at $21.24. Liberty Global shares last traded at $21.24, with a volume of 2,420,600 shares trading hands.

Several equities analysts recently weighed in on LBTYA shares. BNP Paribas raised shares of Liberty Global from an “underperform” rating to a “neutral” rating and set a $20.00 target price for the company in a research note on Monday, May 4th. New Street Research raised shares of Liberty Global from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Friday, May 8th. Deutsche Bank started coverage on shares of Liberty Global in a research note on Wednesday, April 8th. They set a “buy” rating and a $30.00 target price for the company. Credit Suisse Group started coverage on shares of Liberty Global in a research note on Wednesday, February 12th. They set a “neutral” rating for the company. Finally, Zacks Investment Research cut shares of Liberty Global from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $26.18.

The company’s fifty day moving average price is $20.08 and its 200-day moving average price is $20.50. The stock has a market cap of $13.10 billion, a P/E ratio of 1.29 and a beta of 1.25. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.20 and a current ratio of 1.20.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Wednesday, May 6th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $1.73. The firm had revenue of $2.88 billion during the quarter. Liberty Global had a net margin of 107.92% and a negative return on equity of 2.41%. Analysts anticipate that Liberty Global PLC will post -0.85 earnings per share for the current fiscal year.

In other news, Director Miranda Curtis sold 5,873 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $21.19, for a total value of $124,448.87. Following the completion of the sale, the director now owns 132,423 shares in the company, valued at approximately $2,806,043.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.14% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in LBTYA. HighTower Advisors LLC raised its stake in shares of Liberty Global by 23.4% during the 1st quarter. HighTower Advisors LLC now owns 218,203 shares of the company’s stock worth $3,600,000 after buying an additional 41,308 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Liberty Global by 170.9% during the 1st quarter. APG Asset Management N.V. now owns 87,657 shares of the company’s stock worth $1,447,000 after buying an additional 55,300 shares during the last quarter. Twinbeech Capital LP acquired a new position in shares of Liberty Global during the 1st quarter worth $1,054,000. Advisor Group Holdings Inc. acquired a new position in shares of Liberty Global during the 1st quarter worth $72,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Liberty Global during the 1st quarter worth $2,437,000. Institutional investors own 24.61% of the company’s stock.

Liberty Global Company Profile (NASDAQ:LBTYA)

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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