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

Shares of LBTYK traded down $0.19 during mid-day trading on Wednesday, hitting $12.95. The company's stock had a trading volume of 2,108,908 shares, compared to its average volume of 1,847,187. The firm 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 1-year low of $11.25 and a 1-year high of $22.14. The firm has a market capitalization of $4.63 billion, a P/E ratio of -1.28 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position 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 worth $82,062,000 after purchasing an additional 131,875 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Liberty Global by 151.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company's stock worth $65,766,000 after acquiring an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP lifted its position in shares of Liberty Global by 0.3% in the third 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 in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Liberty Global by 18.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company's stock valued at $52,303,000 after purchasing an additional 447,135 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Liberty Global by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company's stock worth $44,612,000 after acquiring an additional 18,319 shares during the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the firm's stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 53,312 shares of the company's stock, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.86% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Liberty Global in a research note on Thursday, November 14th. They set 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.