Liberty Global PLC (NASDAQ:LBTYK) Short Interest Up 6.2% in July

Liberty Global PLC (NASDAQ:LBTYK) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 9,400,000 shares, an increase of 6.2% from the June 30th total of 8,850,000 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 2,780,000 shares, the short-interest ratio is presently 3.4 days.

Several analysts recently commented on the company. BidaskClub lowered Liberty Global from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 17th. Evercore ISI reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Liberty Global in a report on Thursday, August 8th.

Shares of LBTYK traded down $0.02 during trading hours on Thursday, hitting $25.73. The stock had a trading volume of 3,618,000 shares, compared to its average volume of 2,838,747. The company has a debt-to-equity ratio of 6.85, a quick ratio of 0.36 and a current ratio of 0.36. Liberty Global has a 12 month low of $19.24 and a 12 month high of $28.77. The stock has a fifty day moving average price of $26.37 and a 200 day moving average price of $25.59.

Several institutional investors and hedge funds have recently modified their holdings of LBTYK. Advisory Services Network LLC grew its holdings in Liberty Global by 1,894.6% during the second quarter. Advisory Services Network LLC now owns 1,855 shares of the company’s stock valued at $49,000 after purchasing an additional 1,762 shares during the period. Captrust Financial Advisors grew its holdings in Liberty Global by 199.0% during the second quarter. Captrust Financial Advisors now owns 2,081 shares of the company’s stock valued at $55,000 after purchasing an additional 1,385 shares during the period. Osborn Williams & Donohoe LLC bought a new stake in Liberty Global during the first quarter valued at about $71,000. Willingdon Wealth Management grew its holdings in Liberty Global by 66.0% during the first quarter. Willingdon Wealth Management now owns 4,189 shares of the company’s stock valued at $101,000 after purchasing an additional 1,666 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Liberty Global during the second quarter valued at about $117,000. 59.05% of the stock is owned by institutional investors.

About Liberty Global

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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