Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in shares of Liberty Global plc (NASDAQ:LBTYK – Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,909 shares of the company’s stock after selling 2,988 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Liberty Global were worth $1,771,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Perpetual Ltd purchased a new position in Liberty Global during the first quarter worth approximately $102,933,000. Assetmark Inc. lifted its position in Liberty Global by 6.1% during the first quarter. Assetmark Inc. now owns 276,535 shares of the company’s stock worth $5,636,000 after buying an additional 15,830 shares in the last quarter. Keating Investment Counselors Inc. raised its position in Liberty Global by 8.5% in the first quarter. Keating Investment Counselors Inc. now owns 440,265 shares of the company’s stock valued at $8,973,000 after purchasing an additional 34,330 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Liberty Global by 5.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,145 shares of the company’s stock valued at $818,000 after purchasing an additional 2,079 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in Liberty Global by 2,835.4% in the first quarter. Los Angeles Capital Management LLC now owns 678,244 shares of the company’s stock valued at $13,823,000 after purchasing an additional 655,138 shares during the period. Hedge funds and other institutional investors own 50.05% of the company’s stock.
Insider Activity
In other news, CFO Charles H. R. Bracken sold 50,000 shares of Liberty Global stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $17.41, for a total value of $870,500.00. Following the completion of the sale, the chief financial officer now directly owns 52,013 shares of the company’s stock, valued at $905,546.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.86% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on LBTYK
Liberty Global Trading Up 0.4 %
Shares of NASDAQ LBTYK opened at $19.75 on Monday. Liberty Global plc has a twelve month low of $16.16 and a twelve month high of $23.56. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $18.65 and a 200-day simple moving average of $19.52. The stock has a market capitalization of $8.38 billion, a PE ratio of 1.70 and a beta of 1.24.
Liberty Global Profile
Liberty Global plc, 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 intelligent WiFi features; internet services; security solutions, such as anti-virus, anti-spyware, firewall, and spam protection; smart home services; online storage solutions; web spaces; and Connect Box that delivers in-home Wi-Fi service.
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