Vestmark Advisory Solutions Inc. increased its holdings in Liberty Global plc (NASDAQ:LBTYK – Free Report) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,655 shares of the company’s stock after purchasing an additional 1,258 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Liberty Global were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in LBTYK. Perpetual Ltd bought a new stake in Liberty Global in the first quarter valued at approximately $102,933,000. Norges Bank bought a new stake in Liberty Global during the 4th quarter valued at $29,602,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Liberty Global by 140.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 2,097,664 shares of the company’s stock worth $42,750,000 after purchasing an additional 1,224,122 shares during the period. Morgan Stanley grew its position in shares of Liberty Global by 85.5% in the 4th quarter. Morgan Stanley now owns 2,107,765 shares of the company’s stock worth $40,954,000 after buying an additional 971,341 shares during the last quarter. Finally, ACR Alpine Capital Research LLC boosted its holdings in Liberty Global by 8.8% in the first quarter. ACR Alpine Capital Research LLC now owns 9,025,569 shares of the company’s stock valued at $183,941,000 after acquiring an additional 730,212 shares in the last quarter. 50.05% of the stock is owned by institutional investors.
Liberty Global Stock Performance
NASDAQ LBTYK opened at $19.29 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.66. Liberty Global plc has a twelve month low of $16.16 and a twelve month high of $22.78. The business has a 50-day moving average price of $18.79 and a 200-day moving average price of $19.46. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 1.68 and a beta of 1.24.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on LBTYK shares. StockNews.com initiated coverage on shares of Liberty Global in a report on Thursday. They set a “sell” rating on the stock. Pivotal Research boosted their price target on Liberty Global from $25.00 to $27.00 in a research note on Tuesday.
Check Out Our Latest Stock Analysis on LBTYK
Insider Buying and Selling
In other news, CFO Charles H. R. Bracken sold 50,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 52,013 shares in the company, valued at $905,546.33. The sale was disclosed in a document filed with the SEC, which is available at this link. 9.86% of the stock is owned by corporate insiders.
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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