Arizona State Retirement System Sells 2,351 Shares of Liberty Global plc (NASDAQ:LBTYK)

Posted by Defense World Staff on May 12th, 2023

Arizona State Retirement System reduced its holdings in Liberty Global plc (NASDAQ:LBTYK – Get Rating) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,252 shares of the company’s stock after selling 2,351 shares during the quarter. Arizona State Retirement System’s holdings in Liberty Global were worth $1,559,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of 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 last quarter. MFN Partners Management LP boosted its holdings in Liberty Global by 8.1% during the 1st quarter. MFN Partners Management LP now owns 6,706,460 shares of the company’s stock valued at $173,764,000 after acquiring an additional 500,000 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Liberty Global by 22.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,287,456 shares of the company’s stock valued at $37,743,000 after acquiring an additional 422,595 shares during the period. Wexford Capital LP boosted its holdings in Liberty Global by 185.6% during the 1st quarter. Wexford Capital LP now owns 521,338 shares of the company’s stock valued at $13,508,000 after acquiring an additional 338,780 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its holdings 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 acquiring an additional 292,114 shares during the period. 52.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Liberty Global news, EVP Bryan H. Hall sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $19.77, for a total value of $197,700.00. Following the completion of the sale, the executive vice president now owns 126,497 shares in the company, valued at approximately $2,500,845.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Bryan H. Hall sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $19.77, for a total value of $197,700.00. Following the completion of the transaction, the executive vice president now owns 126,497 shares in the company, valued at approximately $2,500,845.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bryan H. Hall sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $20.04, for a total value of $120,240.00. Following the completion of the transaction, the executive vice president now owns 120,497 shares of the company’s stock, valued at approximately $2,414,759.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,000 shares of company stock worth $421,740. 9.86% of the stock is currently owned by company insiders.

Liberty Global Trading Down 1.6 %

NASDAQ LBTYK opened at $18.15 on Friday. Liberty Global plc has a fifty-two week low of $16.16 and a fifty-two week high of $26.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50 day simple moving average of $19.84 and a two-hundred day simple moving average of $20.26. The stock has a market cap of $8.28 billion, a P/E ratio of 1.35 and a beta of 1.23.

Analysts Set New Price Targets

Several brokerages recently weighed in on LBTYK. Pivotal Research dropped their target price on Liberty Global from $33.00 to $30.00 and set a “buy” rating for the company in a report on Monday, April 17th. StockNews.com upgraded Liberty Global from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd.

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.