Liberty Global plc (NASDAQ: LBTYA) stock fell -3.70% on Thursday to $16.12 against a previous-day closing price of $16.74. With 2.06 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.48 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $16.80 whereas the lowest price it dropped to was $16.11. The 52-week range on LBTYA shows that it touched its highest point at $25.13 and its lowest point at $15.22 during that stretch. It currently has a 1-year price target of $28.75. Beta for the stock currently stands at 1.27.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LBTYA was down-trending over the past week, with a drop of -6.93%, but this was down by -12.58% over a month. Three-month performance dropped to -21.44% while six-month performance fell -18.01%. The stock lost -31.11% in the past year, while it has lost -14.84% so far this year. A look at the trailing 12-month EPS for LBTYA yields -3.15 with Next year EPS estimates of -0.65. For the next quarter, that number is -0.59. This implies an EPS growth rate of -94.90% for this year and 112.10% for next year.
Float and Shares Shorts:
At present, 454.39 million LBTYA shares are outstanding with a float of 419.33 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.35 million, which was 1.19% higher than short shares on Mar 30, 2023. In addition to Mr. Michael Thomas Fries as the firm’s Vice Chairman, Pres & CEO, Mr. Charles H. R. Bracken serves as its Exec. VP & CFO.
Through their ownership of 95.34% of LBTYA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.45% of LBTYA, in contrast to 42.56% held by mutual funds. Shares owned by individuals account for 17.15%. As the largest shareholder in LBTYA with 15.86% of the stake, Harris Associates LP holds 27,268,010 shares worth 27,268,010. A second-largest stockholder of LBTYA, Artisan Partners LP, holds 13,370,136 shares, controlling over 7.78% of the firm’s shares. The Baupost Group LLC is the third largest shareholder in LBTYA, holding 7,194,276 shares or 4.18% stake. With a 9.64% stake in LBTYA, the Artisan International Value Fund is the largest stakeholder. A total of 16,566,642 shares are owned by the mutual fund manager. The Oakmark International Fund, which owns about 7.98% of LBTYA stock, is the second-largest Mutual Fund holder. It holds 13,721,428 shares valued at 267.71 million. Dodge & Cox International Stock F holds 2.68% of the stake in LBTYA, owning 4,612,561 shares worth 89.99 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, LBTYA reported revenue of $1.75B and operating income of $82.80M. The EBITDA in the recently reported quarter was $708.20M and diluted EPS was $5.47.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LBTYA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LBTYA analysts setting a high price target of $36.00 and a low target of $20.00, the average target price over the next 12 months is $27.79. Based on these targets, LBTYA could surge 123.33% to reach the target high and rise by 24.07% to reach the target low. Reaching the average price target will result in a growth of 72.39% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded LBTYA stock several times over the past three months with 32 Buys and 24 Sells. In these transactions, 408,128 shares were bought while 180,646 shares were sold. The number of buy transactions has increased to 60 while that of sell transactions has risen to 46 over the past year. The total number of shares bought during that period was 463,946 while 345,241 shares were sold.