Millennium Management LLC lessened its stake in Liberty Global PLC (NASDAQ:LBTYA) by 40.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,343 shares of the company’s stock after selling 99,296 shares during the period. Millennium Management LLC’s holdings in Liberty Global were worth $4,030,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of LBTYA. Verition Fund Management LLC bought a new stake in shares of Liberty Global in the 1st quarter valued at about $255,000. Quantitative Systematic Strategies LLC boosted its holdings in shares of Liberty Global by 27.4% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 10,200 shares of the company’s stock valued at $281,000 after buying an additional 2,192 shares in the last quarter. AJ Wealth Strategies LLC acquired a new stake in Liberty Global in the 2nd quarter worth approximately $308,000. Raffles Associates LP acquired a new stake in Liberty Global in the 2nd quarter worth approximately $413,000. Finally, Raymond James & Associates boosted its stake in Liberty Global by 26.1% in the 2nd quarter. Raymond James & Associates now owns 15,329 shares of the company’s stock worth $422,000 after purchasing an additional 3,169 shares in the last quarter. 21.87% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Charles H. R. Bracken sold 46,054 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $27.27, for a total value of $1,255,892.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.93% of the stock is currently owned by insiders.
Shares of NASDAQ:LBTYA traded down $0.40 during trading on Friday, hitting $25.12. 2,084,287 shares of the stock traded hands, compared to its average volume of 2,112,118. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $20.48 billion, a price-to-earnings ratio of -10.97 and a beta of 1.59. Liberty Global PLC has a 52-week low of $23.17 and a 52-week high of $39.73.
Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Wednesday, November 7th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.83). The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Liberty Global had a negative return on equity of 27.88% and a negative net margin of 11.46%. On average, sell-side analysts anticipate that Liberty Global PLC will post -0.31 earnings per share for the current fiscal year.
A number of research firms recently commented on LBTYA. TheStreet cut shares of Liberty Global from a “c” rating to a “d” rating in a research note on Thursday. Bank of America set a $37.00 target price on shares of Liberty Global and gave the stock a “hold” rating in a research note on Friday. HSBC set a $35.00 target price on shares of Liberty Global and gave the stock a “buy” rating in a research note on Thursday, October 18th. BidaskClub cut shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Zacks Investment Research upgraded shares of Liberty Global from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, October 1st. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Liberty Global has a consensus rating of “Hold” and a consensus target price of $37.50.
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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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