Liberty Global PLC (LBTYA) Short Interest Down 14.3% in July
Liberty Global PLC (NASDAQ:LBTYA) was the recipient of a significant decrease in short interest during the month of July. As of July 14th, there was short interest totalling 8,772,967 shares, a decrease of 14.3% from the June 30th total of 10,234,466 shares. Based on an average daily trading volume, of 2,313,438 shares, the short-interest ratio is currently 3.8 days. Currently, 3.8% of the shares of the company are sold short.
Liberty Global PLC (LBTYA) opened at 34.17 on Thursday. The stock’s 50 day moving average price is $32.42 and its 200 day moving average price is $33.57. The firm has a market capitalization of $34.29 billion, a P/E ratio of 37.55 and a beta of 1.67. Liberty Global PLC has a 52 week low of $28.17 and a 52 week high of $37.69.
In other news, Director John C. Malone bought 242,778 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average price of $24.83 per share, for a total transaction of $6,028,177.74. Following the completion of the transaction, the director now directly owns 927,830 shares in the company, valued at $23,038,018.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Malone acquired 139,052 shares of the stock in a transaction on Wednesday, July 5th. The stock was bought at an average price of $21.74 per share, for a total transaction of $3,022,990.48. Following the transaction, the director now owns 761,816 shares in the company, valued at approximately $16,561,879.84. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,610,000 shares of company stock worth $37,412,081. 3.93% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Asset Management Company LTD increased its stake in Liberty Global PLC by 11.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,522 shares of the company’s stock worth $700,000 after buying an additional 1,990 shares during the period. Mercer Capital Advisers Inc. increased its stake in Liberty Global PLC by 12.2% in the first quarter. Mercer Capital Advisers Inc. now owns 12,065 shares of the company’s stock worth $433,000 after buying an additional 1,315 shares during the last quarter. Decatur Capital Management Inc. purchased a new stake in Liberty Global PLC during the first quarter worth approximately $458,000. Everett Harris & Co. CA purchased a new stake in Liberty Global PLC during the first quarter worth approximately $201,000. Finally, Janney Montgomery Scott LLC increased its stake in Liberty Global PLC by 15.4% in the first quarter. Janney Montgomery Scott LLC now owns 7,875 shares of the company’s stock worth $282,000 after buying an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 22.80% of the company’s stock.
Several research firms have commented on LBTYA. Jefferies Group LLC set a $43.00 price objective on Liberty Global PLC and gave the stock a “buy” rating in a research report on Saturday, June 17th. UBS AG began coverage on Liberty Global PLC in a research report on Friday, June 16th. They issued a “neutral” rating and a $31.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price objective on shares of Liberty Global PLC in a research report on Monday, May 15th. BidaskClub upgraded Liberty Global PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, ValuEngine lowered Liberty Global PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.85.
About Liberty Global PLC
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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