Liberty Global plc – Class A (LBTYA) Short Interest Update

Liberty Global plc – Class A (NASDAQ:LBTYA) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 9,601,214 shares, a decline of 13.9% from the November 30th total of 11,151,171 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average daily volume of 1,485,857 shares, the short-interest ratio is presently 6.5 days.

A number of equities analysts recently issued reports on LBTYA shares. Zacks Investment Research cut shares of Liberty Global plc – Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BidaskClub upgraded shares of Liberty Global plc – Class A from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Pivotal Research reiterated a “buy” rating and set a $44.00 price objective on shares of Liberty Global plc – Class A in a research report on Tuesday, December 19th. Citigroup decreased their price target on shares of Liberty Global plc – Class A from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 24th. Finally, Jefferies Group set a $42.00 price target on shares of Liberty Global plc – Class A and gave the company a “buy” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Liberty Global plc – Class A presently has an average rating of “Hold” and a consensus price target of $39.41.

In related news, Director J David Wargo purchased 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $22.08 per share, for a total transaction of $1,656,000.00. Following the purchase, the director now owns 119,445 shares in the company, valued at $2,637,345.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David E. Rapley sold 6,750 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $33.82, for a total transaction of $228,285.00. Following the completion of the sale, the director now directly owns 8,045 shares of the company’s stock, valued at approximately $272,081.90. The disclosure for this sale can be found here. Insiders have sold a total of 242,911 shares of company stock worth $6,627,246 over the last 90 days. 3.93% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dodge & Cox lifted its stake in shares of Liberty Global plc – Class A by 17.5% in the second quarter. Dodge & Cox now owns 18,980,203 shares of the company’s stock valued at $609,644,000 after buying an additional 2,830,216 shares in the last quarter. Glenview Capital Management LLC lifted its stake in shares of Liberty Global plc – Class A by 0.9% in the second quarter. Glenview Capital Management LLC now owns 7,853,565 shares of the company’s stock valued at $252,257,000 after buying an additional 70,000 shares in the last quarter. Route One Investment Company L.P. lifted its stake in shares of Liberty Global plc – Class A by 9.0% in the second quarter. Route One Investment Company L.P. now owns 7,347,635 shares of the company’s stock valued at $236,006,000 after buying an additional 605,500 shares in the last quarter. York Capital Management Global Advisors LLC bought a new position in shares of Liberty Global plc – Class A in the second quarter valued at $136,409,000. Finally, Farallon Capital Management LLC lifted its stake in shares of Liberty Global plc – Class A by 34.1% in the second quarter. Farallon Capital Management LLC now owns 4,220,104 shares of the company’s stock valued at $135,550,000 after buying an additional 1,072,519 shares in the last quarter. 21.99% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global plc – Class A (NASDAQ LBTYA) opened at $36.87 on Friday. The stock has a market cap of $8,090.00, a price-to-earnings ratio of 41.43 and a beta of 1.62. Liberty Global plc – Class A has a 12 month low of $28.17 and a 12 month high of $37.69. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47.

Liberty Global plc – Class A declared that its Board of Directors has initiated a stock buyback program on Monday, December 18th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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Liberty Global plc – Class A Company Profile

Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.

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