Mint Tower Capital Management B.V. Acquires Shares of 19,903 Liberty Global PLC (LBTYA)

Mint Tower Capital Management B.V. purchased a new stake in shares of Liberty Global PLC (NASDAQ:LBTYA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,903 shares of the company’s stock, valued at approximately $576,000.

Other institutional investors have also made changes to their positions in the company. Quantitative Systematic Strategies LLC lifted its holdings in Liberty Global by 27.4% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 10,200 shares of the company’s stock valued at $281,000 after purchasing an additional 2,192 shares during the last quarter. AJ Wealth Strategies LLC acquired a new stake in Liberty Global during the 2nd quarter valued at $308,000. Signition LP acquired a new stake in Liberty Global during the 3rd quarter valued at $326,000. Oppenheimer & Co. Inc. lifted its holdings in Liberty Global by 53.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,983 shares of the company’s stock valued at $346,000 after purchasing an additional 4,170 shares during the last quarter. Finally, Raffles Associates LP acquired a new stake in Liberty Global during the 2nd quarter valued at $413,000. 21.87% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ LBTYA opened at $25.52 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 5.98. Liberty Global PLC has a 52 week low of $23.17 and a 52 week high of $39.73. The firm has a market capitalization of $19.68 billion, a P/E ratio of -11.14 and a beta of 1.59.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.68. Liberty Global had a negative return on equity of 27.88% and a negative net margin of 11.46%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $4.06 billion. As a group, equities analysts anticipate that Liberty Global PLC will post -0.31 EPS for the current year.

In related news, CFO Charles H. R. Bracken sold 46,054 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $27.27, for a total value of $1,255,892.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.93% of the stock is currently owned by company insiders.

LBTYA has been the subject of a number of research reports. Zacks Investment Research raised Liberty Global from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub raised Liberty Global from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. HSBC set a $35.00 target price on Liberty Global and gave the stock a “buy” rating in a report on Thursday, October 18th. UBS Group raised Liberty Global from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $37.00 to $33.50 in a report on Friday, August 24th. Finally, Pivotal Research reissued a “buy” rating and set a $35.00 target price on shares of Liberty Global in a report on Tuesday, September 11th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. Liberty Global has an average rating of “Hold” and a consensus target price of $37.55.

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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 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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Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYA)

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