Liberty Global PLC (NASDAQ:LBTYK) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 28,100,000 shares, a growth of 253.5% from the August 15th total of 7,950,000 shares. Currently, 5.7% of the shares of the company are short sold. Based on an average daily volume of 4,680,000 shares, the short-interest ratio is currently 6.0 days.
LBTYK has been the topic of several analyst reports. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th. Evercore ISI reiterated a “buy” rating and issued a $33.00 price objective on shares of Liberty Global in a research note on Thursday, August 8th.
LBTYK traded up $0.58 during midday trading on Friday, reaching $23.49. 3,326,511 shares of the company’s stock were exchanged, compared to its average volume of 4,599,141. Liberty Global has a 1-year low of $19.24 and a 1-year high of $27.84. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.39 and a current ratio of 0.39. The business’s 50-day moving average price is $25.29 and its 200 day moving average price is $25.72.
Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.50) EPS for the quarter. The firm had revenue of $2.85 billion for the quarter. Liberty Global had a negative return on equity of 26.88% and a net margin of 9.11%.
A number of institutional investors have recently added to or reduced their stakes in LBTYK. Baupost Group LLC MA grew its stake in Liberty Global by 7.3% during the second quarter. Baupost Group LLC MA now owns 41,937,674 shares of the company’s stock worth $1,112,606,000 after buying an additional 2,844,679 shares during the period. Boston Partners grew its stake in Liberty Global by 0.8% during the second quarter. Boston Partners now owns 11,938,634 shares of the company’s stock worth $316,670,000 after buying an additional 97,571 shares during the period. ACR Alpine Capital Research LLC grew its stake in Liberty Global by 18.7% during the first quarter. ACR Alpine Capital Research LLC now owns 6,462,856 shares of the company’s stock worth $156,465,000 after buying an additional 1,017,687 shares during the period. FMR LLC grew its stake in Liberty Global by 15.1% during the first quarter. FMR LLC now owns 3,629,615 shares of the company’s stock worth $87,873,000 after buying an additional 476,397 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Liberty Global by 0.7% during the first quarter. Clearbridge Investments LLC now owns 2,783,736 shares of the company’s stock worth $67,394,000 after purchasing an additional 20,060 shares in the last quarter. Hedge funds and other institutional investors own 58.71% of the company’s stock.
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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