Liberty Global PLC (NASDAQ:LBTYA) CFO Sells $1,255,892.58 in Stock

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Liberty Global PLC (NASDAQ:LBTYA) CFO Charles H. R. Bracken sold 46,054 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $27.27, for a total transaction of $1,255,892.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Liberty Global stock traded up $0.40 during trading hours on Friday, reaching $25.28. The company’s stock had a trading volume of 4,055,030 shares, compared to its average volume of 1,901,730. Liberty Global PLC has a one year low of $24.47 and a one year high of $39.73. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of -11.04, a price-to-earnings-growth ratio of 37.29 and a beta of 1.54. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 5.98.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.68. Liberty Global had a negative net margin of 11.46% and a negative return on equity of 27.88%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $4.06 billion. On average, research analysts forecast that Liberty Global PLC will post 0.08 EPS for the current year.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub cut shares of Liberty Global from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Sanford C. Bernstein raised shares of Liberty Global to an “outperform” rating and dropped their price objective for the company from $41.30 to $34.00 in a research note on Friday, June 29th. They noted that the move was a valuation call. ValuEngine lowered shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Finally, Macquarie lowered shares of Liberty Global from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 11th. Four analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sciencast Management LP bought a new position in shares of Liberty Global during the first quarter valued at about $665,000. Raffles Associates LP bought a new stake in Liberty Global in the second quarter worth about $413,000. Macquarie Group Ltd. raised its position in Liberty Global by 20.5% in the second quarter. Macquarie Group Ltd. now owns 1,223,866 shares of the company’s stock worth $33,705,000 after acquiring an additional 208,107 shares during the period. Valeo Financial Advisors LLC raised its position in Liberty Global by 282.5% in the second quarter. Valeo Financial Advisors LLC now owns 24,508 shares of the company’s stock worth $675,000 after acquiring an additional 18,100 shares during the period. Finally, State of Wisconsin Investment Board bought a new stake in Liberty Global in the second quarter worth about $1,590,000. 21.93% of the stock is currently owned by institutional investors.

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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Insider Buying and Selling by Quarter for Liberty Global (NASDAQ:LBTYA)

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