Short Interest in Liberty Global PLC (NASDAQ:LBTYA) Drops By 49.4%

Liberty Global PLC (NASDAQ:LBTYA) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 8,790,000 shares, a decrease of 49.4% from the August 30th total of 17,370,000 shares. Based on an average daily volume of 2,550,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 4.4% of the shares of the stock are sold short.

Liberty Global stock traded up $0.69 during trading hours on Friday, hitting $24.49. The stock had a trading volume of 2,620,289 shares, compared to its average volume of 2,615,660. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 7.15. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of -12.43 and a beta of 1.47. Liberty Global has a one year low of $19.88 and a one year high of $28.62. The business’s 50 day simple moving average is $26.06 and its 200-day simple moving average is $26.40.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Thursday, August 8th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.89). The firm had revenue of $2.85 billion during the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. Research analysts anticipate that Liberty Global will post -1.19 EPS for the current fiscal year.

In other news, EVP Bryan H. Hall sold 20,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $27.10, for a total transaction of $542,000.00. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $4,329,604.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David E. Rapley sold 2,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $23.82, for a total value of $47,640.00. Following the sale, the director now directly owns 6,045 shares in the company, valued at $143,991.90. The disclosure for this sale can be found here. Corporate insiders own 6.48% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Mycio Wealth Partners LLC bought a new position in Liberty Global in the second quarter valued at about $25,000. Atria Investments LLC bought a new position in Liberty Global in the second quarter valued at about $338,000. Point72 Hong Kong Ltd raised its position in Liberty Global by 107.7% in the second quarter. Point72 Hong Kong Ltd now owns 8,740 shares of the company’s stock valued at $236,000 after purchasing an additional 4,531 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Liberty Global by 38.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,985 shares of the company’s stock valued at $242,000 after purchasing an additional 2,481 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Liberty Global by 9.6% in the second quarter. Envestnet Asset Management Inc. now owns 10,551 shares of the company’s stock valued at $285,000 after purchasing an additional 920 shares during the last quarter. Hedge funds and other institutional investors own 23.16% of the company’s stock.

Several analysts recently weighed in on the company. Benchmark assumed coverage on Liberty Global in a research note on Thursday, July 25th. They issued a “buy” rating and a $34.00 price objective on the stock. Citigroup lowered Liberty Global from a “buy” rating to a “sell” rating and reduced their price objective for the company from $31.00 to $25.00 in a research note on Friday, September 20th. New Street Research lowered Liberty Global from a “buy” rating to a “neutral” rating in a research note on Thursday, August 8th. BidaskClub raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Liberty Global in a research note on Sunday, June 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.21.

About Liberty Global

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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