Posted by admin on Aug 20th, 2022
Teacher Retirement System of Texas increased its stake in Liberty Global plc (NASDAQ:LBTYA – Get Rating) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,690 shares of the company’s stock after buying an additional 2,167 shares during the quarter. Teacher Retirement System of Texas’ holdings in Liberty Global were worth $834,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of LBTYA. American Century Companies Inc. grew its stake in shares of Liberty Global by 19.2% in the fourth quarter. American Century Companies Inc. now owns 13,155 shares of the company’s stock valued at $365,000 after buying an additional 2,119 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Liberty Global during the 4th quarter valued at approximately $417,000. S&CO Inc. grew its stake in Liberty Global by 0.5% during the 4th quarter. S&CO Inc. now owns 300,690 shares of the company’s stock valued at $8,341,000 after purchasing an additional 1,505 shares in the last quarter. abrdn plc grew its stake in Liberty Global by 5.6% during the 4th quarter. abrdn plc now owns 68,044 shares of the company’s stock valued at $1,887,000 after purchasing an additional 3,636 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Liberty Global by 33.8% during the 4th quarter. ProShare Advisors LLC now owns 13,773 shares of the company’s stock valued at $381,000 after purchasing an additional 3,476 shares in the last quarter. Institutional investors and hedge funds own 28.05% of the company’s stock.
LBTYA opened at $20.95 on Friday. Liberty Global plc has a 12 month low of $20.18 and a 12 month high of $30.58. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $10.16 billion, a P/E ratio of 2.31 and a beta of 1.15. The stock’s 50 day moving average price is $21.45 and its 200 day moving average price is $23.73.
A number of equities research analysts have weighed in on LBTYA shares. Berenberg Bank upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, June 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Liberty Global from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Finally, Barclays reduced their target price on Liberty Global from $31.00 to $28.00 in a report on Thursday, May 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $35.47.
In other news, EVP Bryan H. Hall sold 20,000 shares of Liberty Global stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $24.21, for a total transaction of $484,200.00. Following the transaction, the executive vice president now directly owns 155,984 shares in the company, valued at approximately $3,776,372.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Bryan H. Hall sold 20,000 shares of Liberty Global stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $24.21, for a total transaction of $484,200.00. Following the transaction, the executive vice president now directly owns 155,984 shares in the company, valued at approximately $3,776,372.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan H. Hall sold 12,000 shares of Liberty Global stock in a transaction on Monday, June 27th. The shares were sold at an average price of $23.32, for a total value of $279,840.00. Following the transaction, the executive vice president now owns 143,984 shares in the company, valued at $3,357,706.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,278 shares of company stock worth $1,921,360. 9.86% of the stock is owned by company insiders.
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.
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