Treasurer of the State of North Carolina Makes New Investment in Liberty Global PLC (NASDAQ:LBTYK)

Treasurer of the State of North Carolina bought a new position in shares of Liberty Global PLC (NASDAQ:LBTYK) during the 2nd quarter, HoldingsChannel reports. The firm bought 7,764 shares of the company’s stock, valued at approximately $206,000.

Several other large investors also recently bought and sold shares of the business. Baupost Group LLC MA lifted its position in shares of Liberty Global by 7.3% during the second quarter. Baupost Group LLC MA now owns 41,937,674 shares of the company’s stock worth $1,112,606,000 after acquiring an additional 2,844,679 shares in the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of Liberty Global by 18.7% in the first quarter. ACR Alpine Capital Research LLC now owns 6,462,856 shares of the company’s stock worth $156,465,000 after purchasing an additional 1,017,687 shares during the period. FMR LLC increased its holdings in shares of Liberty Global by 15.1% in the first quarter. FMR LLC now owns 3,629,615 shares of the company’s stock worth $87,873,000 after purchasing an additional 476,397 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Liberty Global by 0.7% in the first quarter. Clearbridge Investments LLC now owns 2,783,736 shares of the company’s stock worth $67,394,000 after purchasing an additional 20,060 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Liberty Global by 32.4% in the second quarter. Russell Investments Group Ltd. now owns 2,294,192 shares of the company’s stock worth $60,784,000 after purchasing an additional 561,151 shares during the period. Hedge funds and other institutional investors own 58.71% of the company’s stock.

Several research analysts have recently weighed in on LBTYK shares. Evercore ISI reaffirmed a “buy” rating and issued a $33.00 price target on shares of Liberty Global in a report on Thursday, August 8th. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th.



Liberty Global stock opened at $23.49 on Friday. Liberty Global PLC has a fifty-two week low of $19.24 and a fifty-two week high of $27.84. The firm’s fifty day moving average price is $25.29 and its 200-day moving average price is $25.72. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 7.15.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.50) earnings per share for the quarter. The firm had revenue of $2.85 billion during the quarter. Liberty Global had a negative return on equity of 26.88% and a net margin of 9.11%.

About Liberty Global

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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Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYK)

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