Posted by admin on Jul 27th, 2022

Truist Financial Corp cut its position in shares of Liberty Global plc (NASDAQ:LBTYK – Get Rating) by 15.8% in the first quarter, HoldingsChannel reports. The firm owned 20,059 shares of the company’s stock after selling 3,752 shares during the period. Truist Financial Corp’s holdings in Liberty Global were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in Liberty Global by 4.3% during the 4th quarter. State Street Corp now owns 5,591,000 shares of the company’s stock valued at $157,051,000 after purchasing an additional 232,655 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Liberty Global by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 3,631,126 shares of the company’s stock worth $101,812,000 after acquiring an additional 119,042 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Liberty Global by 3.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,100,000 shares of the company’s stock worth $87,079,000 after acquiring an additional 100,000 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Liberty Global by 7.2% in the 4th quarter. California Public Employees Retirement System now owns 2,379,865 shares of the company’s stock worth $66,850,000 after acquiring an additional 160,110 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Liberty Global by 11.8% in the 4th quarter. Gabelli Funds LLC now owns 2,377,494 shares of the company’s stock worth $66,784,000 after acquiring an additional 251,000 shares in the last quarter. 54.11% of the stock is owned by institutional investors.

In other news, Director Paul A. Gould sold 6,880 shares of the company’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $22.20, for a total value of $152,736.00. Following the sale, the director now owns 227,103 shares in the company, valued at $5,041,686.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Liberty Global news, CFO Charles H. R. Bracken sold 1,800 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $25.50, for a total transaction of $45,900.00. Following the completion of the transaction, the chief financial officer now owns 168,510 shares of the company’s stock, valued at $4,297,005. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul A. Gould sold 6,880 shares of the stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $22.20, for a total value of $152,736.00. Following the transaction, the director now directly owns 227,103 shares of the company’s stock, valued at approximately $5,041,686.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,479 shares of company stock worth $2,165,060.

LBTYK has been the subject of several recent research reports. TheStreet lowered Liberty Global from a “b-” rating to a “c” rating in a research report on Friday, May 6th. StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Friday, May 20th. Finally, Pivotal Research reduced their target price on Liberty Global from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, July 18th.

Shares of NASDAQ:LBTYK opened at $21.95 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50-day moving average is $23.29 and its 200 day moving average is $25.06. The firm has a market capitalization of $11.48 billion, a P/E ratio of 0.95 and a beta of 1.17. Liberty Global plc has a 1 year low of $21.23 and a 1 year high of $30.49.

Liberty Global (NASDAQ:LBTYK – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $1.88 earnings per share for the quarter. The business had revenue of $1.85 billion for the quarter. Liberty Global had a return on equity of 16.37% and a net margin of 148.96%.

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.

Want to see what other hedge funds are holding LBTYK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Global plc (NASDAQ:LBTYK – Get Rating).

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.

UBS Group Boosts Heartland Express (NASDAQ:HTLD) Price Target to $16.00

IGM Financial (OTCMKTS:IGIFF) Price Target Lowered to C$42.00 at Scotiabank