Liberty Global (NASDAQ:LBTYK) Shares Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Liberty Global Ltd. (NASDAQ:LBTYK). In a filing disclosed on December 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Liberty Global stock on November 13th. The trade occurred in the Representative’s “STATE STREET BANK & TRUST CO.” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Pernod Ricard (OTCMKTS:PDRDF) on 11/4/2024.
• Purchased $1,001 – $15,000 in shares of Fortive (NYSE:FTV) on 11/4/2024.

Liberty Global Trading Down 2.7 %

Shares of LBTYK stock opened at $13.14 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a 50-day simple moving average of $17.25 and a 200 day simple moving average of $18.68. Liberty Global Ltd. has a fifty-two week low of $11.25 and a fifty-two week high of $22.14. The stock has a market capitalization of $4.70 billion, a P/E ratio of -1.29 and a beta of 1.20.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Liberty Global in a research note on Thursday, November 14th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Liberty Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Liberty Global by 127.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 549,496 shares of the company’s stock valued at $9,808,000 after buying an additional 308,324 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Liberty Global by 51.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,249 shares of the company’s stock valued at $986,000 after acquiring an additional 18,724 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Liberty Global in the second quarter worth about $228,000. Rothschild Investment LLC bought a new position in Liberty Global during the second quarter worth about $71,000. Finally, Rhumbline Advisers grew its stake in shares of Liberty Global by 353.0% in the 2nd quarter. Rhumbline Advisers now owns 154,788 shares of the company’s stock valued at $2,763,000 after purchasing an additional 120,620 shares during the period. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.86% of the company’s stock.

About Representative Kean, Jr.

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2024 election. Kean has served as state Senate minority leader. He was a member of the New Jersey General Assembly from 2001 to 2003. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.