Nissay Asset Management Corp Japan ADV raised its holdings in shares of Liberty Global PLC (NASDAQ:LBTYK) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,884 shares of the company’s stock after acquiring an additional 4,824 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Liberty Global were worth $922,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of Liberty Global in the fourth quarter valued at approximately $11,715,000. Cerebellum GP LLC purchased a new position in Liberty Global in the second quarter worth $88,000. Bartlett & Co. LLC purchased a new position in Liberty Global in the first quarter worth $77,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Liberty Global in the fourth quarter worth $161,000. Finally, Vident Investment Advisory LLC purchased a new position in Liberty Global in the first quarter worth $131,000. Institutional investors and hedge funds own 55.22% of the company’s stock.
Several research firms have issued reports on LBTYK. TheStreet upgraded Liberty Global from a “d” rating to a “c-” rating in a research report on Tuesday, May 12th. Pivotal Research restated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research report on Thursday, May 7th.
Shares of LBTYK stock opened at $22.76 on Friday. Liberty Global PLC has a fifty-two week low of $14.35 and a fifty-two week high of $27.67. The business has a fifty day simple moving average of $22.18 and a 200-day simple moving average of $19.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.20 and a current ratio of 1.20.
Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.50 earnings per share for the quarter. Liberty Global had a negative return on equity of 2.41% and a net margin of 107.92%. The business had revenue of $2.88 billion during the quarter.
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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