Liberty Global PLC (NASDAQ:LBTYK) Sees Significant Decrease in Short Interest

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Liberty Global PLC (NASDAQ:LBTYK) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 6,820,000 shares, a decline of 5.7% from the May 30th total of 7,230,000 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 2,540,000 shares, the days-to-cover ratio is currently 2.7 days.

Several large investors have recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of Liberty Global by 90.3% during the first quarter. Boston Partners now owns 11,841,063 shares of the company’s stock worth $286,673,000 after purchasing an additional 5,618,382 shares during the last quarter. Foxhaven Asset Management LP grew its holdings in shares of Liberty Global by 13.7% during the fourth quarter. Foxhaven Asset Management LP now owns 6,605,015 shares of the company’s stock worth $136,328,000 after purchasing an additional 794,676 shares during the last quarter. ACR Alpine Capital Research LLC grew its holdings in shares of Liberty Global by 18.7% during the first quarter. ACR Alpine Capital Research LLC now owns 6,462,856 shares of the company’s stock worth $156,465,000 after purchasing an additional 1,017,687 shares during the last quarter. CI Investments Inc. grew its holdings in shares of Liberty Global by 10.6% during the fourth quarter. CI Investments Inc. now owns 5,960,300 shares of the company’s stock worth $123,021,000 after purchasing an additional 573,400 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Liberty Global by 12.5% during the fourth quarter. Macquarie Group Ltd. now owns 5,284,683 shares of the company’s stock worth $109,075,000 after purchasing an additional 588,652 shares during the last quarter. Institutional investors own 59.22% of the company’s stock.

Shares of NASDAQ:LBTYK traded down $0.11 during midday trading on Tuesday, hitting $25.77. 22,827 shares of the stock were exchanged, compared to its average volume of 2,150,386. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 6.85. The business’s 50-day simple moving average is $25.89. Liberty Global has a 12 month low of $19.24 and a 12 month high of $28.77.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.43) earnings per share for the quarter. The firm had revenue of $2.87 billion for the quarter. Liberty Global had a negative return on equity of 2.41% and a net margin of 16.23%.

Separately, BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 3rd.

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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