Insider Selling: Liberty Global PLC (LBTYA) CEO Sells 156,397 Shares of Stock

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Liberty Global PLC (NASDAQ:LBTYA) CEO Michael T. Fries sold 156,397 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $24.71, for a total transaction of $3,864,569.87. Following the sale, the chief executive officer now directly owns 2,060,295 shares in the company, valued at approximately $50,909,889.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ LBTYA traded down $0.39 on Friday, hitting $25.23. The company’s stock had a trading volume of 1,336,910 shares, compared to its average volume of 1,760,322. Liberty Global PLC has a 12-month low of $19.88 and a 12-month high of $30.50. The company has a market capitalization of $18.65 billion, a PE ratio of -12.81 and a beta of 1.54. The company has a debt-to-equity ratio of 6.85, a current ratio of 0.36 and a quick ratio of 0.36.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data 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 analyst estimates of $2.97 billion. Liberty Global had a net margin of 16.23% and a negative return on equity of 2.41%. On average, analysts forecast that Liberty Global PLC will post -0.23 EPS for the current fiscal year.

Several analysts have issued reports on the stock. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Pivotal Research reaffirmed a “buy” rating and issued a $32.00 price target on shares of Liberty Global in a report on Wednesday, February 27th. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $38.60 to $23.50 in a report on Wednesday, April 10th. HSBC set a $32.00 price target on shares of Liberty Global and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, ValuEngine raised shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.17.

Several large investors have recently bought and sold shares of LBTYA. Princeton Global Asset Management LLC acquired a new position in shares of Liberty Global in the fourth quarter valued at approximately $26,000. NuWave Investment Management LLC raised its position in shares of Liberty Global by 71.5% in the first quarter. NuWave Investment Management LLC now owns 1,024 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the last quarter. Coastal Investment Advisors Inc. acquired a new position in shares of Liberty Global in the first quarter valued at approximately $68,000. Kinneret Advisory LLC acquired a new position in shares of Liberty Global in the fourth quarter valued at approximately $84,000. Finally, QS Investors LLC raised its position in shares of Liberty Global by 21.1% in the fourth quarter. QS Investors LLC now owns 4,015 shares of the company’s stock valued at $86,000 after buying an additional 700 shares during the last quarter. 23.39% of the stock is owned by institutional investors and hedge funds.

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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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