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

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 $15,001 and $50,000 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 Price Performance

NASDAQ LBTYK opened at $13.14 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global Ltd. has a 12 month low of $11.25 and a 12 month high of $22.14. The company’s 50 day moving average is $17.25 and its two-hundred day moving average is $18.68. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of -1.29 and a beta of 1.20.

Insider Activity at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of 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 can be accessed through this hyperlink. 9.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Liberty Global by 3.6% during the 3rd quarter. State Street Corp now owns 3,797,422 shares of the company’s stock valued at $82,062,000 after purchasing an additional 131,875 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Liberty Global by 151.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after purchasing an additional 2,219,823 shares in the last quarter. Rubric Capital Management LP grew its stake in Liberty Global by 0.3% in the 3rd quarter. Rubric Capital Management LP now owns 3,522,428 shares of the company’s stock valued at $76,120,000 after acquiring an additional 11,424 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Liberty Global by 18.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after purchasing an additional 447,135 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Liberty Global by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock valued at $44,612,000 after acquiring an additional 18,319 shares during the last quarter. Institutional investors own 46.10% of the company’s stock.

Wall Street Analyst Weigh In

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