Miranda Curtis Sells 88,361 Shares of Liberty Global plc – Class A (LBTYA) Stock

Liberty Global plc – Class A (NASDAQ:LBTYA) Director Miranda Curtis sold 88,361 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $21.63, for a total transaction of $1,911,248.43. Following the completion of the sale, the director now directly owns 218 shares of the company’s stock, valued at $4,715.34. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Liberty Global plc – Class A (NASDAQ LBTYA) opened at $35.52 on Friday. Liberty Global plc – Class A has a 52-week low of $28.17 and a 52-week high of $37.69. The firm has a market cap of $7,540.00, a P/E ratio of 39.91 and a beta of 1.61. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47.

Liberty Global plc – Class A declared that its board has authorized a share buyback plan on Monday, December 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors have recently added to or reduced their stakes in the company. Dodge & Cox boosted its holdings in Liberty Global plc – Class A by 17.5% in the 2nd quarter. Dodge & Cox now owns 18,980,203 shares of the company’s stock worth $609,644,000 after buying an additional 2,830,216 shares during the period. Glenview Capital Management LLC boosted its holdings in Liberty Global plc – Class A by 0.9% in the 2nd quarter. Glenview Capital Management LLC now owns 7,853,565 shares of the company’s stock worth $252,257,000 after buying an additional 70,000 shares during the period. Route One Investment Company L.P. lifted its stake in Liberty Global plc – Class A by 9.0% in the 2nd quarter. Route One Investment Company L.P. now owns 7,347,635 shares of the company’s stock worth $236,006,000 after purchasing an additional 605,500 shares in the last quarter. York Capital Management Global Advisors LLC purchased a new stake in Liberty Global plc – Class A in the 2nd quarter worth approximately $136,409,000. Finally, Farallon Capital Management LLC lifted its stake in Liberty Global plc – Class A by 34.1% in the 2nd quarter. Farallon Capital Management LLC now owns 4,220,104 shares of the company’s stock worth $135,550,000 after purchasing an additional 1,072,519 shares in the last quarter. 22.00% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Liberty Global plc – Class A in a research report on Monday, October 2nd. Macquarie downgraded shares of Liberty Global plc – Class A from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 27th. Deutsche Bank assumed coverage on shares of Liberty Global plc – Class A in a research report on Wednesday, September 6th. They issued a “buy” rating and a $43.00 price objective for the company. Buckingham Research assumed coverage on shares of Liberty Global plc – Class A in a research report on Friday, September 29th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Liberty Global plc – Class A in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Liberty Global plc – Class A has a consensus rating of “Buy” and a consensus price target of $39.41.

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About Liberty Global plc – Class A

Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.

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