Liberty Global plc (NASDAQ:LBTYK) Position Cut by Swiss National Bank

Posted by Defense World Staff on Aug 23rd, 2023

Swiss National Bank trimmed its holdings in Liberty Global plc (NASDAQ:LBTYK – Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,033,470 shares of the company’s stock after selling 118,900 shares during the quarter. Swiss National Bank owned about 0.23% of Liberty Global worth $21,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LBTYK. Spire Wealth Management lifted its position in Liberty Global by 47.0% in the first quarter. Spire Wealth Management now owns 1,752 shares of the company’s stock worth $36,000 after purchasing an additional 560 shares during the period. MV Capital Management Inc. acquired a new stake in Liberty Global in the first quarter worth approximately $54,000. CVA Family Office LLC lifted its position in Liberty Global by 443.0% in the fourth quarter. CVA Family Office LLC now owns 2,905 shares of the company’s stock worth $56,000 after purchasing an additional 2,370 shares during the period. Amalgamated Bank lifted its position in Liberty Global by 18.4% in the fourth quarter. Amalgamated Bank now owns 3,236 shares of the company’s stock worth $63,000 after purchasing an additional 502 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Liberty Global by 789.9% in the first quarter. Tower Research Capital LLC TRC now owns 5,562 shares of the company’s stock worth $113,000 after purchasing an additional 4,937 shares during the period. 50.05% of the stock is owned by institutional investors.

Liberty Global Price Performance

Shares of NASDAQ:LBTYK opened at $18.60 on Wednesday. Liberty Global plc has a one year low of $16.16 and a one year high of $22.78. The stock has a fifty day moving average of $18.86 and a 200-day moving average of $19.35. The company has a market capitalization of $7.89 billion, a PE ratio of 1.64 and a beta of 1.24. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.45.

Liberty Global (NASDAQ:LBTYK – Get Free Report) last announced its quarterly earnings data on Monday, July 24th. The company reported ($1.13) EPS for the quarter. Liberty Global had a negative net margin of 48.91% and a negative return on equity of 15.74%. The company had revenue of $1.85 billion for the quarter.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 50,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $17.41, for a total transaction of $870,500.00. Following the sale, the chief financial officer now directly owns 52,013 shares of the company’s stock, valued at approximately $905,546.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 9.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Pivotal Research upped their target price on Liberty Global from $25.00 to $27.00 in a research report on Tuesday, August 15th. StockNews.com initiated coverage on Liberty Global in a research report on Thursday, August 17th. They issued a “sell” rating for the company.

View Our Latest Report on LBTYK

Liberty Global Company Profile

(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.