Vanguard Group Inc. lowered its position in Liberty Global PLC (NASDAQ:LBTYK) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,290,616 shares of the company’s stock after selling 1,024,133 shares during the period. Vanguard Group Inc. owned about 1.26% of Liberty Global worth $246,481,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC increased its holdings in Liberty Global by 1,894.6% in the second quarter. Advisory Services Network LLC now owns 1,855 shares of the company’s stock valued at $49,000 after buying an additional 1,762 shares in the last quarter. Captrust Financial Advisors increased its holdings in Liberty Global by 199.0% in the second quarter. Captrust Financial Advisors now owns 2,081 shares of the company’s stock valued at $55,000 after buying an additional 1,385 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Liberty Global by 9.0% in the second quarter. Commonwealth Bank of Australia now owns 7,186 shares of the company’s stock valued at $188,000 after buying an additional 594 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in Liberty Global in the second quarter valued at about $202,000. Finally, Willingdon Wealth Management increased its holdings in Liberty Global by 95.1% in the second quarter. Willingdon Wealth Management now owns 8,173 shares of the company’s stock valued at $217,000 after buying an additional 3,984 shares in the last quarter. Hedge funds and other institutional investors own 58.71% of the company’s stock.
Shares of LBTYK traded up $0.15 during midday trading on Thursday, hitting $23.56. The company had a trading volume of 259,631 shares, compared to its average volume of 7,385,934. The company’s 50 day moving average price is $25.66 and its 200 day moving average price is $25.80. Liberty Global PLC has a 52 week low of $19.24 and a 52 week high of $27.88. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39.
A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th. Evercore ISI reissued a “buy” rating and set a $33.00 price objective on shares of Liberty Global in a research note on Thursday, August 8th.
Liberty Global Profile
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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