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

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 Price Performance

Shares of Liberty Global stock opened at $13.14 on Wednesday. The stock has a market capitalization of $4.70 billion, a P/E ratio of -1.29 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. The business’s fifty day moving average price is $17.25 and its 200 day moving average price is $18.68. Liberty Global Ltd. has a twelve month low of $11.25 and a twelve month high of $22.14.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Liberty Global in a report on Thursday, November 14th. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE grew its position in shares of Liberty Global by 124.9% during the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after buying an additional 1,200 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in Liberty Global by 41.4% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after acquiring an additional 754 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Liberty Global in the 2nd quarter worth about $71,000. Point72 Asset Management L.P. acquired a new stake in shares of Liberty Global in the 2nd quarter valued at about $109,000. Finally, CWM LLC lifted its position in shares of Liberty Global by 1,159.4% during the third quarter. CWM LLC now owns 6,272 shares of the company’s stock worth $136,000 after purchasing an additional 5,774 shares during the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the 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 sale, the chief financial officer now owns 53,312 shares in the company, valued at $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.

About Liberty Global

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.