Liberty Global (NASDAQ:LBTYK) Shares Gap Down to $20.96

Liberty Global plc (NASDAQ:LBTYKGet Rating) shares gapped down before the market opened on Wednesday . The stock had previously closed at $20.96, but opened at $19.89. Liberty Global shares last traded at $20.07, with a volume of 5,839 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Pivotal Research dropped their price target on shares of Liberty Global from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, July 18th.

Liberty Global Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $9.73 billion, a P/E ratio of 2.22 and a beta of 1.14. The company’s 50 day simple moving average is $22.09 and its 200 day simple moving average is $23.85.

Liberty Global (NASDAQ:LBTYKGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $3.80 EPS for the quarter. Liberty Global had a net margin of 63.77% and a return on equity of 15.10%. The firm had revenue of $1.75 billion during the quarter.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, Director Larry E. Romrell sold 6,828 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $22.26, for a total value of $151,991.28. Following the completion of the sale, the director now owns 25,221 shares of the company’s stock, valued at $561,419.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Jason Waldron sold 7,522 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $22.10, for a total transaction of $166,236.20. Following the completion of the sale, the chief accounting officer now owns 36,432 shares of the company’s stock, valued at $805,147.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry E. Romrell sold 6,828 shares of the stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $22.26, for a total transaction of $151,991.28. Following the sale, the director now directly owns 25,221 shares of the company’s stock, valued at approximately $561,419.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,507 shares of company stock valued at $1,067,467.

Institutional Investors Weigh In On Liberty Global

Several large investors have recently made changes to their positions in the stock. Verition Fund Management LLC bought a new stake in shares of Liberty Global during the second quarter worth $417,000. Captrust Financial Advisors boosted its holdings in Liberty Global by 113.5% during the second quarter. Captrust Financial Advisors now owns 10,128 shares of the company’s stock worth $224,000 after purchasing an additional 5,385 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in Liberty Global during the second quarter worth $1,123,000. First Republic Investment Management Inc. boosted its holdings in Liberty Global by 1.2% during the second quarter. First Republic Investment Management Inc. now owns 213,780 shares of the company’s stock worth $4,722,000 after purchasing an additional 2,521 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Liberty Global by 181.3% during the second quarter. Jane Street Group LLC now owns 168,177 shares of the company’s stock worth $3,715,000 after purchasing an additional 108,384 shares during the last quarter. Institutional investors own 50.14% of the company’s stock.

About Liberty Global

(Get Rating)

Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.

Featured Stories

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.