Liberty Global plc (NASDAQ:LBTYK) Sees Large Drop in Short Interest

Liberty Global plc (NASDAQ:LBTYK – Get Rating) saw a significant decline in short interest in December. As of December 30th, there was short interest totalling 7,250,000 shares, a decline of 13.8% from the December 15th total of 8,410,000 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is currently 4.2 days.

Liberty Global Stock Up 3.8 %

Shares of Liberty Global stock opened at $22.39 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The firm has a market cap of $10.29 billion, a P/E ratio of 1.67 and a beta of 1.23. Liberty Global has a fifty-two week low of $16.16 and a fifty-two week high of $29.17. The business has a 50-day moving average price of $20.35 and a 200 day moving average price of $20.18.

Liberty Global (NASDAQ:LBTYK – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $4.87 earnings per share for the quarter. The firm had revenue of $1.75 billion during the quarter. Liberty Global had a return on equity of 23.81% and a net margin of 93.60%.

Insiders Place Their Bets

In other Liberty Global news, CAO Jason Waldron sold 8,138 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $21.14, for a total transaction of $172,037.32. Following the transaction, the chief accounting officer now owns 103,222 shares in the company, valued at $2,182,113.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Bryan H. Hall sold 7,000 shares of Liberty Global stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $20.10, for a total transaction of $140,700.00. Following the sale, the executive vice president now directly owns 136,984 shares of the company’s stock, valued at $2,753,378.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jason Waldron sold 8,138 shares of Liberty Global stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $21.14, for a total value of $172,037.32. Following the sale, the chief accounting officer now directly owns 103,222 shares in the company, valued at $2,182,113.08. The disclosure for this sale can be found here. Insiders have sold a total of 126,441 shares of company stock worth $2,559,588 over the last quarter. 9.86% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Liberty Global by 2.4% in the second quarter. Janney Montgomery Scott LLC now owns 242,110 shares of the company’s stock valued at $5,359,000 after buying an additional 5,757 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Liberty Global by 3.9% during the second quarter. Victory Capital Management Inc. now owns 79,749 shares of the company’s stock valued at $1,762,000 after purchasing an additional 3,002 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Liberty Global by 5.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,527 shares of the company’s stock valued at $895,000 after purchasing an additional 2,160 shares during the last quarter. qPULA Trading Management LP bought a new position in shares of Liberty Global during the second quarter valued at approximately $354,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Liberty Global by 20.8% during the third quarter. Kestra Advisory Services LLC now owns 121,227 shares of the company’s stock valued at $2,000,000 after purchasing an additional 20,903 shares during the last quarter. 52.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Global in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Liberty Global Company Profile

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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.