Liberty Global Sees Unusually High Options Volume (LBTYA)
Liberty Global PLC (NASDAQ:LBTYA) was the recipient of some unusual options trading on Tuesday. Traders acquired 3,777 call options on the company. This is an increase of 1,284% compared to the typical daily volume of 273 call options.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Liberty Global by 326.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,327,704 shares of the company’s stock worth $377,705,000 after acquiring an additional 10,202,577 shares in the last quarter. FMR LLC raised its holdings in shares of Liberty Global by 9.0% during the 2nd quarter. FMR LLC now owns 5,234,821 shares of the company’s stock worth $144,168,000 after acquiring an additional 431,286 shares in the last quarter. Baupost Group LLC MA purchased a new stake in shares of Liberty Global during the 3rd quarter worth approximately $143,412,000. Panagora Asset Management Inc. raised its holdings in shares of Liberty Global by 65.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 962,629 shares of the company’s stock worth $27,849,000 after acquiring an additional 380,729 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Liberty Global by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 897,621 shares of the company’s stock worth $25,968,000 after acquiring an additional 18,946 shares in the last quarter. 22.40% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on LBTYA shares. Barclays reaffirmed a “buy” rating on shares of Liberty Global in a research report on Thursday, December 20th. TheStreet cut Liberty Global from a “c” rating to a “d” rating in a report on Thursday, November 8th. HSBC set a $35.00 price target on Liberty Global and gave the stock a “buy” rating in a report on Thursday, October 18th. BidaskClub cut Liberty Global from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Zacks Investment Research raised Liberty Global from a “strong sell” rating to a “hold” rating in a report on Thursday, January 17th. Four analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.45.
Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.83). Liberty Global had a negative return on equity of 36.93% and a negative net margin of 2.06%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.94 billion. As a group, equities analysts forecast that Liberty Global will post -0.49 earnings per share for the current year.
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Liberty Global Company Profile
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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