Pinnacle Associates Ltd. Sells 2,603 Shares of Liberty Global PLC Class C (LBTYK)

Pinnacle Associates Ltd. trimmed its holdings in Liberty Global PLC Class C (NASDAQ:LBTYK) by 7.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,716 shares of the company’s stock after selling 2,603 shares during the period. Pinnacle Associates Ltd.’s holdings in Liberty Global PLC Class C were worth $844,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Global X Management Co. LLC bought a new stake in shares of Liberty Global PLC Class C in the 1st quarter worth $690,000. FDx Advisors Inc. grew its holdings in shares of Liberty Global PLC Class C by 11.9% during the first quarter. FDx Advisors Inc. now owns 17,714 shares of the company’s stock valued at $539,000 after buying an additional 1,887 shares in the last quarter. S&CO Inc. grew its holdings in shares of Liberty Global PLC Class C by 0.7% during the first quarter. S&CO Inc. now owns 416,645 shares of the company’s stock valued at $12,679,000 after buying an additional 2,870 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of Liberty Global PLC Class C during the first quarter valued at $210,000. Finally, Kornitzer Capital Management Inc. KS grew its stake in Liberty Global PLC Class C by 9.9% in the first quarter. Kornitzer Capital Management Inc. KS now owns 110,600 shares of the company’s stock valued at $3,366,000 after purchasing an additional 10,000 shares in the last quarter. 58.34% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine upgraded Liberty Global PLC Class C from a “sell” rating to a “hold” rating in a research note on Monday, June 11th.

Liberty Global PLC Class C stock traded up $0.15 during trading hours on Friday, hitting $27.23. The stock had a trading volume of 4,168,173 shares, compared to its average volume of 2,337,678. Liberty Global PLC Class C has a fifty-two week low of $25.05 and a fifty-two week high of $37.86. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98.

Liberty Global PLC Class C (NASDAQ:LBTYK) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.80 EPS for the quarter. The business had revenue of $3.05 billion for the quarter. Liberty Global PLC Class C had a negative return on equity of 27.88% and a negative net margin of 11.46%.

Liberty Global PLC Class C 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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Institutional Ownership by Quarter for Liberty Global PLC Class C (NASDAQ:LBTYK)

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