Liberty Global plc (NASDAQ:LBTYK) Stock Position Reduced by Handelsbanken Fonder AB

Posted by Defense World Staff on May 5th, 2023

Handelsbanken Fonder AB trimmed its position in Liberty Global plc (NASDAQ:LBTYK – Get Rating) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,814 shares of the company’s stock after selling 7,318 shares during the quarter. Handelsbanken Fonder AB’s holdings in Liberty Global were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in Liberty Global by 4.9% during the 1st quarter. BlackRock Inc. now owns 14,445,805 shares of the company’s stock valued at $374,293,000 after purchasing an additional 675,496 shares during the period. MFN Partners Management LP grew its position in shares of Liberty Global by 8.1% during the first quarter. MFN Partners Management LP now owns 6,706,460 shares of the company’s stock worth $173,764,000 after acquiring an additional 500,000 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Liberty Global by 22.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,287,456 shares of the company’s stock worth $37,743,000 after acquiring an additional 422,595 shares during the period. Wexford Capital LP lifted its position in Liberty Global by 185.6% in the 1st quarter. Wexford Capital LP now owns 521,338 shares of the company’s stock valued at $13,508,000 after purchasing an additional 338,780 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in Liberty Global by 3,048.6% during the 1st quarter. Beacon Pointe Advisors LLC now owns 301,696 shares of the company’s stock valued at $7,817,000 after purchasing an additional 292,114 shares during the period. 52.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Bryan H. Hall sold 5,000 shares of Liberty Global stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $20.76, for a total transaction of $103,800.00. Following the transaction, the executive vice president now directly owns 133,135 shares of the company’s stock, valued at $2,763,882.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Bryan H. Hall sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $20.04, for a total transaction of $120,240.00. Following the completion of the sale, the executive vice president now directly owns 120,497 shares of the company’s stock, valued at approximately $2,414,759.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan H. Hall sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $20.76, for a total value of $103,800.00. Following the sale, the executive vice president now directly owns 133,135 shares in the company, valued at $2,763,882.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,000 shares of company stock worth $421,740. 9.86% of the stock is owned by company insiders.

Liberty Global Trading Down 0.4 %

Liberty Global stock opened at $19.40 on Friday. Liberty Global plc has a 12-month low of $16.16 and a 12-month high of $26.11. The stock has a market capitalization of $8.85 billion, a PE ratio of 1.44 and a beta of 1.23. The firm has a 50 day simple moving average of $20.05 and a 200-day simple moving average of $20.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.61 and a quick ratio of 1.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LBTYK shares. Pivotal Research cut their price target on Liberty Global from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, April 17th. StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Tuesday.

About Liberty Global

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Liberty Global Plc operates as an international converged fixed and mobile communications company, which engages in the provision of connectivity and entertainment and connectivity services. It operates through the following geographical segments: Switzerland, Belgium, U.K., Ireland, and Central and Other.