Ameriprise Financial Inc. lowered its holdings in shares of Liberty Global PLC (NASDAQ:LBTYK) by 18.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 622,708 shares of the company’s stock after selling 141,363 shares during the period. Ameriprise Financial Inc. owned approximately 0.07% of Liberty Global worth $20,363,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Liberty Global by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,852 shares of the company’s stock valued at $121,000 after purchasing an additional 19 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Liberty Global by 1.5% in the second quarter. Prudential Financial Inc. now owns 19,949 shares of the company’s stock valued at $622,000 after purchasing an additional 290 shares in the last quarter. Cannell Peter B & Co. Inc. increased its position in shares of Liberty Global by 1.3% during the second quarter. Cannell Peter B & Co. Inc. now owns 38,561 shares of the company’s stock valued at $1,202,000 after acquiring an additional 504 shares during the last quarter. QS Investors LLC increased its position in shares of Liberty Global by 14.5% during the second quarter. QS Investors LLC now owns 4,725 shares of the company’s stock valued at $147,000 after acquiring an additional 600 shares during the last quarter. Finally, Worth Venture Partners LLC increased its position in shares of Liberty Global by 3.6% during the second quarter. Worth Venture Partners LLC now owns 17,825 shares of the company’s stock valued at $555,000 after acquiring an additional 625 shares during the last quarter. 60.10% of the stock is owned by institutional investors and hedge funds.
Liberty Global PLC (NASDAQ:LBTYK) traded up $0.38 during trading hours on Tuesday, reaching $34.22. The company’s stock had a trading volume of 3,329,939 shares, compared to its average volume of 2,635,150. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.64. Liberty Global PLC has a twelve month low of $27.36 and a twelve month high of $37.00. The stock has a market capitalization of $27,765.89, a P/E ratio of 41.73 and a beta of 1.55.
Liberty Global announced that its board has initiated a stock buyback plan on Monday, December 18th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
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Liberty Global Company 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 internationally. 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, set-top boxes, and pay-per-view programming.
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