Liberty Global Target of Unusually Large Options Trading (LBTYK)

Liberty Global PLC (NASDAQ:LBTYK) saw some unusual options trading activity on Monday. Investors acquired 2,535 call options on the stock. This is an increase of approximately 1,568% compared to the average daily volume of 152 call options.

A number of hedge funds have recently modified their holdings of the stock. Dodge & Cox boosted its stake in shares of Liberty Global by 12.4% during the 2nd quarter. Dodge & Cox now owns 32,306,221 shares of the company’s stock worth $1,007,308,000 after acquiring an additional 3,555,474 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Liberty Global by 1.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 17,996,078 shares of the company’s stock worth $588,472,000 after acquiring an additional 217,315 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Liberty Global by 1.0% during the 2nd quarter. BlackRock Inc. now owns 17,835,919 shares of the company’s stock worth $556,123,000 after acquiring an additional 180,702 shares during the last quarter. Jackson Square Partners LLC boosted its stake in shares of Liberty Global by 26.2% during the 2nd quarter. Jackson Square Partners LLC now owns 15,417,938 shares of the company’s stock worth $480,731,000 after acquiring an additional 3,201,623 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Liberty Global by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,090,134 shares of the company’s stock worth $345,790,000 after acquiring an additional 173,672 shares during the last quarter. Institutional investors own 60.04% of the company’s stock.

Shares of Liberty Global (NASDAQ LBTYK) opened at $33.88 on Friday. Liberty Global has a fifty-two week low of $27.36 and a fifty-two week high of $37.00. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $26,034.62, a P/E ratio of 41.32 and a beta of 1.54.

Liberty Global announced that its Board of Directors has initiated a stock buyback program on Monday, December 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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Liberty Global Company Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses internationally. 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, set-top boxes, and pay-per-view programming.

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