Liberty Global PLC (LBTYA) Sees Large Volume Increase
Liberty Global PLC (NASDAQ:LBTYA) shares saw unusually-strong trading volume on Friday . Approximately 1,925,588 shares traded hands during trading, an increase of 13% from the previous session’s volume of 1,707,384 shares.The stock last traded at $32.64 and had previously closed at $31.92.
A number of equities research analysts have recently commented on the stock. Evercore ISI assumed coverage on shares of Liberty Global PLC in a research report on Thursday, June 30th. They issued a “buy” rating and a $40.00 target price for the company. Pivotal Research reduced their target price on shares of Liberty Global PLC from $50.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, June 24th. Citigroup Inc. reduced their target price on shares of Liberty Global PLC from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 18th. Wunderlich reduced their target price on shares of Liberty Global PLC from $53.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, July 6th. Finally, Jefferies Group reiterated a “buy” rating and issued a $46.00 target price (down from $53.00) on shares of Liberty Global PLC in a research report on Thursday, June 23rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Liberty Global PLC currently has a consensus rating of “Buy” and a consensus price target of $46.54.
The firm’s market capitalization is $30.21 billion. The company’s 50-day moving average is $31.62 and its 200-day moving average is $35.04.
Liberty Global PLC (NASDAQ:LBTYA) last announced its earnings results on Friday, August 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.41. On average, equities research analysts expect that Liberty Global PLC will post ($0.05) EPS for the current year.
In related news, Director John P. Cole, Jr. sold 21,976 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $38.23, for a total value of $840,142.48. Following the completion of the transaction, the director now owns 16,154 shares of the company’s stock, valued at approximately $617,567.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Cole bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average cost of $26.97 per share, with a total value of $26,970.00. Following the purchase, the director now directly owns 48,549 shares in the company, valued at approximately $1,309,366.53. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Liberty Global PLC stock. I.G. Investment Management LTD. boosted its stake in shares of Liberty Global PLC (NASDAQ:LBTYA) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,097 shares of the company’s stock after buying an additional 8,718 shares during the period. I.G. Investment Management LTD.’s holdings in Liberty Global PLC were worth $3,223,000 at the end of the most recent quarter.
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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