During November, there was a notable increase in the number of short positions held in Liberty Global plc (NASDAQ: LBTYA). As of November 15, the total number of shares available for a short sale was 5,970,000, representing a 9.9% increase over the 5,430,000 shares recorded the day before. Considering the typical daily volume of trading, which is 1,960,000 shares, the days-to-cover ratio is currently at 3.0 days. As a result, 3.6% of the company’s shares are now being sold short by investors.
Several hedge funds have recently been active in the stock market, buying and selling LBTYA shares. During the first three months of the year, SG Americas Securities LLC grew its holdings in Liberty Global by 20.2%. After making new purchases totaling 3,043 shares, SG Americas Securities LLC now owns 18,072 shares of the company’s stock, which is $461.00. In addition, Envestnet Asset Management Inc. acquired a new interest in Liberty Global during the first quarter of the year, paying about $317,500 for the share transaction. The percentage of Advisor Group Holdings Inc.’s ownership in Liberty Global, which was raised during the first quarter, was 10.7%. After purchasing an additional 545 shares during the most recent quarter, Advisor Group Holdings Inc. now possesses 5,633 shares of the company’s stock, valued at $143,000. During the first three months of the year, Los Angeles Capital Management LLC added 230.4% more shares to its holdings in Liberty Global. Los Angeles Capital Management LLC now owns 931,813 shares of the company’s stock valued at $23,771,000 following purchasing 649,798 more shares in the most recent quarter. These shares were purchased over the last quarter.
Last but not least, during the first three months of the year, the Teacher Retirement System of Texas boosted the percentage of Liberty Global stock owned by 7.1%. Following the acquisition of an additional 2,167 shares during the most recent fiscal quarter, the Teacher Retirement System of Texas now holds a total of 32,690 shares of the company’s stock, which has a market value of $834,000. Institutional investors and hedge funds currently own 32.52% of the company’s shares.
On Tuesday, November 22, Executive Vice President Bryan H. Hall sold 7,000 Liberty Global stock shares, as reported in other news. As a result of the transaction, the executive vice president now directly owns 136,984 shares of the firm, valued at $2,753,378.40. The stock was sold for $140,700.00 at an average price of $20.10, and the transaction brought in a total of $140,700.00. The transaction was made public by a legal filing submitted to the Securities and Exchange Commission. This filing can be found on the website of the SEC. Another bit of Liberty Global-related news concerns CAO. On Friday, November 11, Jason Waldron put 8,138 of his company’s shares for sale. At an average price of $21.14, the shares could fetch a total of $172,037.32 when sold. The company’s chief accounting officer now directly controls 103,222 shares of stock, which have a value of $2,182,113.08 as of right now. The transaction was made public via a filing submitted to the Securities and Exchange Commission. This filing may be found on the SEC’s website.
Additionally, on November 22, Executive Vice President Bryan H. Hall sold 7,000 shares of the company’s stock. At an average price of $20.10 per share, the stock could bring in a total of $140,700.00 when sold. Because of the transaction, the firm’s executive vice president now owns 136,984 shares, which are currently valued at $2,753,378.40. The disclosure for this sale can be found at this location. Insiders have sold 158,706 shares of company stock with a total value of $3,172,623 over the past ninety days. Company insiders own 9.86% of the business’s shares.
There have been multiple brokerage firms that have issued remarks regarding LBTYA. On Friday, October 14, Citigroup released a research note announcing its beginning of its Liberty Global coverage. They gave the business a ” neutral ” rating and set the price objective at $18.00. Barclays lowered their price target on Liberty Global from $25.00 to $22.00 and gave the company an “equal weight” rating in a research report published on Friday, September 30. JPMorgan Chase & Co. lowered their rating on Liberty Global shares, moving them from “overweight” to “neutral” and setting their price objective at $23.00. According to the findings of a research note, on Thursday, Deutsche Bank Aktiengesellschaft lowered their price target on Liberty Global shares from $32.00 to $29.50 and gave the company a “buy” rating in a research report that was released on Monday, October 17. Three analysts have assigned a hold rating to the stock, while four have assigned a buy recommendation to the stock. According to the data from Bloomberg, the firm is currently rated as a “Moderate Buy,” and the price objective has been set at $30.
On Friday, the price of LBTYA stock was $19.63 when it first traded. The firm’s market capitalization is $9.02 billion, the price-to-earnings ratio is 1.46, and the beta value is 1.26. The moving average price of the stock over the past fifty days is $17.71, and over the past two hundred days, it has averaged $20.08. The ratio of debt to equity is 0.53, the quick ratio to current ratio is 1.62, and the current ratio to quick ratio is 1.62. The one-year low for Liberty Global is $15.22, and the one-year high for Liberty Global is $29.08.
Broadband internet, video, fixed-line telephones, and mobile communications are some of the services that Liberty Global plc and its subsidiaries provide to their residential and commercial customers. In addition, it offers value-added broadband services such as intelligent WiFi features, security, smart homes, online storage solutions, and Web spaces; the Connect Box, which is a set-top box or Horizon box that provides:
In-home WiFi service.
Community WiFi through home routers that provide internet access.
Public WiFi access points in train stations, hotels, bars, restaurants, and other public places.