Liberty Global PLC (NASDAQ:LBTYK) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 10,530,000 shares, a decline of 62.5% from the August 30th total of 28,100,000 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 4,850,000 shares, the days-to-cover ratio is presently 2.2 days.
A number of equities analysts have recently weighed in on the stock. Evercore ISI reaffirmed a “buy” rating and set a $33.00 price target on shares of Liberty Global in a research note on Thursday, August 8th. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th.
Shares of Liberty Global stock traded up $0.58 on Friday, hitting $23.49. The company’s stock had a trading volume of 3,326,511 shares, compared to its average volume of 4,599,141. Liberty Global has a 52-week low of $19.24 and a 52-week high of $27.84. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a fifty day moving average price of $25.29 and a 200-day moving average price of $25.72.
A number of large investors have recently added to or reduced their stakes in LBTYK. Baupost Group LLC MA lifted its holdings in Liberty Global by 7.3% in the 2nd quarter. Baupost Group LLC MA now owns 41,937,674 shares of the company’s stock valued at $1,112,606,000 after purchasing an additional 2,844,679 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Liberty Global in the 2nd quarter valued at about $27,827,000. ACR Alpine Capital Research LLC lifted its holdings in Liberty Global by 18.7% in the 1st quarter. ACR Alpine Capital Research LLC now owns 6,462,856 shares of the company’s stock valued at $156,465,000 after purchasing an additional 1,017,687 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Liberty Global by 32.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,294,192 shares of the company’s stock valued at $60,784,000 after acquiring an additional 561,151 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Liberty Global by 15.1% during the 1st quarter. FMR LLC now owns 3,629,615 shares of the company’s stock valued at $87,873,000 after acquiring an additional 476,397 shares during the last quarter. 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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