Liberty Global plc (NASDAQ: LBTYK) stock jumped 2.49% on Monday to $20.15 against a previous-day closing price of $19.66. With 2.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.38 million shares. The 52-week range on LBTYK shows that it touched its highest point at $22.78 and its lowest point at $16.16 during that stretch. It currently has a 1-year price target of $25.00. Beta for the stock currently stands at 1.25.
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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 LBTYK was up-trending over the past week, with a rise of 5.11%, but this was up by 4.46% over a month. Three-month performance surged to 11.33% while six-month performance rose 3.07%. The stock gained 2.60% in the past year, while it has gained 3.71% so far this year. A look at the trailing 12-month EPS for LBTYK yields -7.34 with Next year EPS estimates of -3.18.
Float and Shares Shorts:
At present, 240.00 million LBTYK shares are outstanding with a float of 214.55 million shares on hand for trading. On Aug 30, 2023, short shares totaled 11.44 million, which was 2.70% higher than short shares on Jul 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.
Institutional Ownership:
Through their ownership of 96.22% of LBTYK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.84% of LBTYK, in contrast to 28.03% held by mutual funds. Shares owned by individuals account for 16.13%. As the largest shareholder in LBTYK with 18.75% of the stake, The Baupost Group LLC holds 45,004,310 shares worth 45,004,310. A second-largest stockholder of LBTYK, ACR Alpine Capital Research LLC, holds 10,455,829 shares, controlling over 4.36% of the firm’s shares. Dodge & Cox is the third largest shareholder in LBTYK, holding 8,961,768 shares or 3.73% stake. With a 3.53% stake in LBTYK, the Dodge & Cox International Stock F is the largest stakeholder. A total of 8,459,768 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 2.57% of LBTYK stock, is the second-largest Mutual Fund holder. It holds 6,172,944 shares valued at 122.47 million. Vanguard Extended Market Index Fu holds 1.80% of the stake in LBTYK, owning 4,318,308 shares worth 85.68 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 Jun 29, 2023, LBTYK 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.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LBTYK 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 LBTYK analysts setting a high price target of $51.00 and a low target of $20.90, the average target price over the next 12 months is $28.66. Based on these targets, LBTYK could surge 153.1% to reach the target high and rise by 3.72% to reach the target low. Reaching the average price target will result in a growth of 42.23% 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 LBTYK stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 650 shares were bought while 55,000 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 301,128 while 400,517 shares were sold.
