Robeco Institutional Asset Management BV increased its stake in Liberty Global plc (NASDAQ: LBTYK – Get a rating) by 2.1% in Q1, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 619,465 shares of the company after acquiring an additional 12,553 shares during the period. Robeco Institutional Asset Management BV held approximately 0.12% of Liberty Global worth $16,050,000 at the end of the last quarter.
Several other hedge funds have also increased or reduced their stakes in LBTYK. Gamco Investors Inc. ET AL increased its holdings of Liberty Global shares by 64.3% in the fourth quarter. Gamco Investors Inc. ET AL now owns 1,620,729 shares of the company valued at $45,526,000 after acquiring an additional 634,583 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Liberty Global in the fourth quarter worth approximately $17,045,000. UMB Bank NA MO bought a new position in shares of Liberty Global in the fourth quarter worth approximately $11,879,000. Long Focus Capital Management LLC bought a new position in Liberty Global during the fourth quarter at a value of $11,517,000. Finally, DE Shaw & Co. Inc. increased its stake in Liberty Global to 87.8% during the fourth quarter. DE Shaw & Co. Inc. now owns 706,908 shares of the company valued at $19,857,000 after purchasing an additional 330,569 shares during the period. 54.11% of the shares are held by institutional investors.
Separately, director Paul A. Gould sold 6,880 shares in a trade on Friday, June 17. The stock was sold at an average price of $22.20, for a total value of $152,736.00. Following the transaction, the administrator now owns 227,103 shares of the company, valued at $5,041,686.60. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, CFO Charles HR Bracken sold 1,800 shares in a trade on Thursday, June 2. The shares were sold at an average price of $25.50, for a total value of $45,900.00. Following completion of the transaction, the CFO now directly owns 168,510 shares of the company, valued at approximately $4,297,005. Disclosure of this sale can be found here. Insiders sold 90,479 shares of the company worth $2,165,060 during the last quarter.
Several brokerages have weighed in on LBTYK. TheStreet downgraded Liberty Global from a “b-” rating to a “c” rating in a Friday, May 6 report. StockNews.com upgraded Liberty Global from a “sell” to a “hold” rating in a report released Friday, May 20.
NASDAQ: LBTYK opened at $22.17 on Monday. The company has a market capitalization of $11.59 billion, a P/E ratio of 0.96 and a beta of 1.17. The stock’s fifty-day moving average price is $23.70 and its two-hundred-day moving average price is $25.56. Liberty Global plc has a 1-year low of $21.74 and a 1-year high of $30.49. The company has a debt ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43.
Global freedom (NASDAQ: LBTYK – Get a rating) last released its quarterly earnings data on Tuesday, May 10. The company reported earnings per share (EPS) of $1.88 for the quarter. Liberty Global had a return on equity of 16.37% and a net margin of 148.96%. The company had revenue of $1.85 billion for the quarter.
About Liberty Global (Get a rating)
Liberty Global plc, together with its subsidiaries, provides broadband Internet, video, landline and mobile communications services to residential and business customers. It offers value-added broadband services, such as smart Wi-Fi features; Security; smart home, online storage solutions and web spaces; Connect Box, a set-top box or Horizon box that offers home Wi-Fi service; Community Wi-Fi via home routers, which provides Internet access; and public Wi-Fi hotspots in stations, hotels, bars, restaurants and other public places.
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