Rep. Thomas H. Kean, Jr. Liberty Global Ltd. (NASDAQ:LBTYK) Stock

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Liberty Global Ltd. (NASDAQ:LBTYK). In a filing disclosed on December 16th, the Representative disclosed that they had bought between $15,001 and $50,000 in Liberty Global stock on November 13th. The trade occurred in the Representative’s “STATE STREET BANK & TRUST CO.” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Pernod Ricard (OTCMKTS:PDRDF) on 11/4/2024.
• Purchased $1,001 – $15,000 in shares of Fortive (NYSE:FTV) on 11/4/2024.

Liberty Global Stock Performance

Shares of LBTYK stock opened at $13.14 on Wednesday. Liberty Global Ltd. has a 12 month low of $11.25 and a 12 month high of $22.14. The firm’s 50 day moving average is $17.25 and its 200 day moving average is $18.68. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $4.70 billion, a P/E ratio of -1.29 and a beta of 1.20.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Liberty Global in a research report on Thursday, November 14th. They set a “hold” rating for the company.

Insider Activity

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors have recently added to or reduced their stakes in LBTYK. State Street Corp lifted its stake in Liberty Global by 3.6% during the third quarter. State Street Corp now owns 3,797,422 shares of the company’s stock worth $82,062,000 after purchasing an additional 131,875 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Liberty Global by 151.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock valued at $65,766,000 after acquiring an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP raised its stake in shares of Liberty Global by 0.3% during the third quarter. Rubric Capital Management LP now owns 3,522,428 shares of the company’s stock worth $76,120,000 after acquiring an additional 11,424 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Liberty Global by 18.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock valued at $52,303,000 after purchasing an additional 447,135 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Liberty Global by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after purchasing an additional 18,319 shares during the period. 46.10% of the stock is currently owned by institutional investors.

About Representative Kean, Jr.

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2024 election. Kean has served as state Senate minority leader. He was a member of the New Jersey General Assembly from 2001 to 2003. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About Liberty Global

Liberty Global Ltd., 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 WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.