Traders Buy Large Volume of Call Options on Liberty Global plc – Class A (LBTYA)

Liberty Global plc – Class A (NASDAQ:LBTYA) was the recipient of unusually large options trading on Thursday. Stock investors bought 2,794 call options on the company. This represents an increase of approximately 1,348% compared to the average volume of 193 call options.

In other news, Director John C. Malone sold 90,000 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $33.01, for a total value of $2,970,900.00. Following the sale, the director now owns 4,975,876 shares in the company, valued at $164,253,666.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard R. Green sold 43,275 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $33.31, for a total value of $1,441,490.25. Following the completion of the transaction, the director now directly owns 17,002 shares of the company’s stock, valued at approximately $566,336.62. The disclosure for this sale can be found here. Insiders sold 326,161 shares of company stock worth $9,369,861 in the last 90 days. Company insiders own 3.93% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LBTYA. York Capital Management Global Advisors LLC purchased a new position in shares of Liberty Global plc – Class A during the second quarter worth $136,409,000. Dodge & Cox boosted its position in shares of Liberty Global plc – Class A by 17.5% during the second 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. Rivulet Capital LLC boosted its position in shares of Liberty Global plc – Class A by 85.2% during the second quarter. Rivulet Capital LLC now owns 2,727,400 shares of the company’s stock worth $87,604,000 after buying an additional 1,255,100 shares during the period. Farallon Capital Management LLC boosted its position in shares of Liberty Global plc – Class A by 34.1% during the second quarter. Farallon Capital Management LLC now owns 4,220,104 shares of the company’s stock worth $135,550,000 after buying an additional 1,072,519 shares during the period. Finally, BT Investment Management Ltd acquired a new stake in shares of Liberty Global plc – Class A in the second quarter valued at $24,015,000. Institutional investors and hedge funds own 22.00% of the company’s stock.

Liberty Global plc – Class A (NASDAQ LBTYA) opened at $35.52 on Friday. The firm has a market capitalization of $27,995.63, a P/E ratio of 43.32 and a beta of 1.61. Liberty Global plc – Class A has a 52-week low of $28.17 and a 52-week high of $37.69. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.47 and a quick ratio of 0.47.

Liberty Global plc – Class A declared that its Board of Directors has authorized a stock repurchase program on Monday, December 18th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

A number of brokerages have commented on LBTYA. Deutsche Bank began coverage on Liberty Global plc – Class A in a report on Wednesday, September 6th. They set a “buy” rating and a $43.00 target price for the company. Exane BNP Paribas cut Liberty Global plc – Class A from an “outperform” rating to an “underperform” rating in a report on Monday, September 11th. Macquarie cut Liberty Global plc – Class A from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 27th. Buckingham Research began coverage on Liberty Global plc – Class A in a report on Friday, September 29th. They set a “buy” rating and a $44.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $40.00 target price on shares of Liberty Global plc – Class A in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Liberty Global plc – Class A presently has a consensus rating of “Buy” and a consensus price target of $39.41.

TRADEMARK VIOLATION NOTICE: “Traders Buy Large Volume of Call Options on Liberty Global plc – Class A (LBTYA)” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/24/traders-buy-large-volume-of-call-options-on-liberty-global-plc-class-a-lbtya.html.

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.

Receive News & Ratings for Liberty Global plc - Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global plc - Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit