Asset Management One Co. Ltd. boosted its holdings in shares of Liberty Global PLC (NASDAQ:LBTYK) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,891 shares of the company’s stock after buying an additional 16,359 shares during the period. Asset Management One Co. Ltd.’s holdings in Liberty Global were worth $7,105,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Baupost Group LLC MA grew its position in Liberty Global by 7.3% during the second quarter. Baupost Group LLC MA now owns 41,937,674 shares of the company’s stock valued at $1,112,606,000 after buying an additional 2,844,679 shares during the period. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Liberty Global during the second quarter valued at about $27,827,000. ACR Alpine Capital Research LLC grew its position in Liberty Global by 18.7% during the first quarter. ACR Alpine Capital Research LLC now owns 6,462,856 shares of the company’s stock valued at $156,465,000 after buying an additional 1,017,687 shares during the period. Russell Investments Group Ltd. grew its position in Liberty Global by 32.4% during the second quarter. Russell Investments Group Ltd. now owns 2,294,192 shares of the company’s stock valued at $60,784,000 after buying an additional 561,151 shares during the period. Finally, FMR LLC boosted its position in Liberty Global by 15.1% during 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. Hedge funds and other institutional investors own 58.71% of the company’s stock.
A number of equities analysts have weighed in on LBTYK shares. Evercore ISI reiterated a “buy” rating and set a $33.00 target price on shares of Liberty Global in a research report on Thursday, August 8th. BidaskClub upgraded shares of Liberty Global from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.
Shares of Liberty Global stock opened at $23.84 on Friday. The company’s 50-day moving average price is $25.89 and its 200-day moving average price is $25.82. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39. Liberty Global PLC has a 12-month low of $19.24 and a 12-month high of $28.77.
Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Thursday, August 8th. The company reported ($0.50) earnings per share for the quarter. The company had revenue of $2.85 billion during the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%.
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 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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