BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in shares of Liberty Global PLC (NASDAQ:LBTYA) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,312 shares of the company’s stock after selling 390 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Liberty Global were worth $357,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Princeton Global Asset Management LLC bought a new position in Liberty Global during the 4th quarter valued at about $26,000. NuWave Investment Management LLC lifted its holdings in Liberty Global by 71.5% during the 1st quarter. NuWave Investment Management LLC now owns 1,024 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares during the last quarter. Kinneret Advisory LLC bought a new position in Liberty Global during the 4th quarter valued at about $84,000. QS Investors LLC lifted its holdings in Liberty Global by 21.1% during the 4th quarter. QS Investors LLC now owns 4,015 shares of the company’s stock valued at $86,000 after purchasing an additional 700 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Liberty Global during the 1st quarter valued at about $230,000. Institutional investors and hedge funds own 23.39% of the company’s stock.
LBTYA has been the subject of several analyst reports. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. HSBC set a $32.00 target price on shares of Liberty Global and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Pivotal Research reaffirmed a “buy” rating and issued a $32.00 target price on shares of Liberty Global in a research note on Wednesday, February 27th. Finally, ValuEngine raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $31.17.
Shares of NASDAQ LBTYA traded down $0.46 during trading on Wednesday, reaching $25.41. The company had a trading volume of 1,054,200 shares, compared to its average volume of 1,739,663. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 6.85. The company has a market cap of $19.00 billion, a PE ratio of -12.90 and a beta of 1.54. Liberty Global PLC has a 52 week low of $19.88 and a 52 week high of $30.50.
Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.97 billion. Liberty Global had a net margin of 16.23% and a negative return on equity of 2.41%. As a group, equities research analysts forecast that Liberty Global PLC will post -0.13 earnings per share for the current year.
In related news, Director Richard R. Green sold 40,448 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $24.54, for a total transaction of $992,593.92. Following the completion of the transaction, the director now owns 15,993 shares in the company, valued at $392,468.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael T. Fries sold 156,397 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $24.71, for a total transaction of $3,864,569.87. Following the transaction, the chief executive officer now owns 2,060,295 shares of the company’s stock, valued at approximately $50,909,889.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 236,541 shares of company stock valued at $5,865,979. 5.93% of the stock is currently owned by insiders.
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Liberty Global 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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