Robeco Institutional Asset Management B.V. decreased its stake in Liberty Global PLC (NASDAQ:LBTYK) by 86.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,488 shares of the company’s stock after selling 1,295,336 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Liberty Global were worth $4,628,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Baupost Group LLC MA grew its stake in shares of Liberty Global by 7.3% in the 2nd 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 purchased a new stake in shares of Liberty Global during the second quarter worth about $27,827,000. Russell Investments Group Ltd. grew its holdings in shares of Liberty Global by 32.4% during the second quarter. Russell Investments Group Ltd. now owns 2,294,192 shares of the company’s stock worth $60,784,000 after buying an additional 561,151 shares in the last quarter. FMR LLC grew its holdings in Liberty Global by 15.1% in the first quarter. FMR LLC now owns 3,629,615 shares of the company’s stock valued at $87,873,000 after purchasing an additional 476,397 shares during the period. Finally, Little House Capital LLC purchased a new stake in Liberty Global in the second quarter valued at approximately $10,697,000. Institutional investors own 58.57% of the company’s stock.
Several equities research analysts have issued reports on the stock. Evercore ISI reiterated a “buy” rating and set a $33.00 price objective on shares of Liberty Global in a research note on Thursday, August 8th. BidaskClub upgraded shares of Liberty Global from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th.
Shares of Liberty Global stock traded up $0.27 during trading on Friday, hitting $24.14. 78,195 shares of the stock were exchanged, compared to its average volume of 3,462,371. The stock’s fifty day moving average is $24.41 and its 200 day moving average is $25.54. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 7.15. Liberty Global PLC has a 12 month low of $19.24 and a 12 month high of $27.84.
Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Thursday, August 8th. The company reported ($0.50) earnings per share (EPS) for the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. The company had revenue of $2.85 billion during the quarter.
About Liberty Global
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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