Simplex Trading LLC boosted its holdings in shares of Liberty Global PLC (NASDAQ:LBTYA) by 35.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,419 shares of the company’s stock after acquiring an additional 10,870 shares during the period. Simplex Trading LLC’s holdings in Liberty Global were worth $1,117,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in LBTYA. NuWave Investment Management LLC grew its stake in shares of Liberty Global by 71.5% in the 1st quarter. NuWave Investment Management LLC now owns 1,024 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the period. CIBC Asset Management Inc grew its stake in shares of Liberty Global by 10.8% in the 1st quarter. CIBC Asset Management Inc now owns 16,896 shares of the company’s stock valued at $421,000 after buying an additional 1,650 shares during the period. Moon Capital Management LLC boosted its position in shares of Liberty Global by 4.6% during the 2nd quarter. Moon Capital Management LLC now owns 65,650 shares of the company’s stock worth $1,772,000 after purchasing an additional 2,910 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Liberty Global by 22.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 18,935 shares of the company’s stock worth $511,000 after purchasing an additional 3,465 shares during the period. Finally, Cardan Capital Partners LLC boosted its position in shares of Liberty Global by 12.7% during the 1st quarter. Cardan Capital Partners LLC now owns 30,978 shares of the company’s stock worth $772,000 after purchasing an additional 3,500 shares during the period. 23.23% of the stock is owned by institutional investors.
In related news, Director J C. Sparkman sold 20,931 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $25.25, for a total value of $528,507.75. Following the transaction, the director now directly owns 17,950 shares of the company’s stock, valued at approximately $453,237.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Dick sold 15,175 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $24.44, for a total transaction of $370,877.00. Following the completion of the transaction, the director now directly owns 46,260 shares in the company, valued at $1,130,594.40. The disclosure for this sale can be found here. Insiders sold a total of 234,951 shares of company stock worth $5,806,909 over the last ninety days. Insiders own 6.48% of the company’s stock.
Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Monday, May 6th. The company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.36). The company had revenue of $2.87 billion during the quarter. Liberty Global had a net margin of 16.23% and a negative return on equity of 2.41%. Research analysts predict that Liberty Global PLC will post -0.82 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $38.60 to $23.50 in a research report on Wednesday, April 10th. Societe Generale set a $36.00 price objective on shares of Liberty Global and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Pivotal Research reaffirmed a “buy” rating and set a $31.00 price objective on shares of Liberty Global in a research report on Sunday, June 30th. Benchmark assumed coverage on shares of Liberty Global in a research report on Thursday, July 25th. They set a “buy” rating and a $34.00 price objective for the company. Finally, BidaskClub cut shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Liberty Global currently has a consensus rating of “Hold” and a consensus target price of $31.71.
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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