Janney Montgomery Scott LLC Has $6.35 Million Stake in Liberty Global plc (NASDAQ:LBTYK)

Posted by Defense World Staff on Jul 23rd, 2023

Janney Montgomery Scott LLC boosted its stake in Liberty Global plc (NASDAQ:LBTYK – Free Report) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,323 shares of the company’s stock after buying an additional 20,277 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of Liberty Global worth $6,345,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank acquired a new position in Liberty Global in the fourth quarter worth $29,602,000. Morgan Stanley boosted its stake in Liberty Global by 85.5% in the fourth quarter. Morgan Stanley now owns 2,107,765 shares of the company’s stock worth $40,954,000 after purchasing an additional 971,341 shares in the last quarter. BlackRock Inc. boosted its stake in Liberty Global by 4.9% in the first quarter. BlackRock Inc. now owns 14,445,805 shares of the company’s stock worth $374,293,000 after purchasing an additional 675,496 shares in the last quarter. Trinity Street Asset Management LLP boosted its stake in Liberty Global by 12.8% in the first quarter. Trinity Street Asset Management LLP now owns 4,936,207 shares of the company’s stock worth $100,599,000 after purchasing an additional 558,894 shares in the last quarter. Finally, MFN Partners Management LP boosted its stake in Liberty Global by 8.1% in the first quarter. MFN Partners Management LP now owns 6,706,460 shares of the company’s stock worth $173,764,000 after purchasing an additional 500,000 shares in the last quarter. Institutional investors and hedge funds own 50.05% of the company’s stock.

Insider Activity at Liberty Global

In related news, CFO Charles H. R. Bracken sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $17.41, for a total value of $870,500.00. Following the completion of the sale, the chief financial officer now owns 52,013 shares in the company, valued at $905,546.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on LBTYK. StockNews.com lowered Liberty Global from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. Pivotal Research reduced their price objective on Liberty Global from $30.00 to $25.00 in a research note on Wednesday, June 28th.

Liberty Global Trading Up 0.9 %

Shares of LBTYK opened at $20.13 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.64. Liberty Global plc has a 12-month low of $16.16 and a 12-month high of $23.56. The firm has a market capitalization of $8.96 billion, a PE ratio of 1.62 and a beta of 1.23. The stock’s fifty day simple moving average is $18.04 and its 200-day simple moving average is $19.75.

Liberty Global (NASDAQ:LBTYK – Get Free Report) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($1.59) earnings per share (EPS) for the quarter. Liberty Global had a negative net margin of 3.97% and a negative return on equity of 4.80%. The firm had revenue of $1.87 billion for the quarter.

About Liberty Global

(Free Report)

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