Andra AP fonden Trims Stake in Liberty Global PLC (LBTYA)

Andra AP fonden cut its holdings in Liberty Global PLC (NASDAQ:LBTYA) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,100 shares of the company’s stock after selling 14,700 shares during the period. Andra AP fonden’s holdings in Liberty Global were worth $4,354,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Verition Fund Management LLC bought a new position in Liberty Global during the 1st quarter valued at about $255,000. Delpha Capital Management LLC bought a new position in Liberty Global during the 1st quarter valued at about $264,000. Quantitative Systematic Strategies LLC grew its holdings in Liberty Global by 27.4% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 10,200 shares of the company’s stock valued at $281,000 after purchasing an additional 2,192 shares during the last quarter. AJ Wealth Strategies LLC bought a new position in Liberty Global during the 2nd quarter valued at about $308,000. Finally, Raffles Associates LP bought a new position in Liberty Global during the 2nd quarter valued at about $413,000. Hedge funds and other institutional investors own 21.92% of the company’s stock.

In other news, CFO Charles H. R. Bracken sold 46,054 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $27.27, for a total value of $1,255,892.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.93% of the stock is currently owned by corporate insiders.

LBTYA has been the topic of a number of research analyst reports. Pivotal Research restated a “buy” rating and issued a $35.00 target price on shares of Liberty Global in a research note on Tuesday, September 11th. BidaskClub downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. JPMorgan Chase & Co. initiated coverage on shares of Liberty Global in a research note on Tuesday, July 10th. They issued a “sell” rating on the stock. Macquarie downgraded shares of Liberty Global from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 11th. Finally, ValuEngine downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.68.

Shares of LBTYA opened at $28.91 on Thursday. Liberty Global PLC has a fifty-two week low of $25.86 and a fifty-two week high of $39.73. The company has a market capitalization of $21.83 billion, a PE ratio of -12.62 and a beta of 1.55. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.36 and a quick ratio of 0.36.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.06 billion. equities analysts expect that Liberty Global PLC will post -0.02 EPS for the current year.

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.

Featured Story: How a Put Option Works

Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYA)

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply