Liberty Global plc – Class C Sees Unusually Large Options Volume (LBTYK)

Liberty Global plc – Class C (NASDAQ:LBTYK) was the target of some unusual options trading on Friday. Investors purchased 1,265 call options on the company. This represents an increase of 1,338% compared to the average volume of 88 call options.

Shares of Liberty Global plc – Class C (NASDAQ LBTYK) opened at $35.26 on Monday. Liberty Global plc – Class C has a 52 week low of $27.36 and a 52 week high of $37.00. The stock has a market capitalization of $28,931.01, a PE ratio of 43.00 and a beta of 1.55. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.64.

Liberty Global plc – Class C (NASDAQ:LBTYK) last announced its quarterly earnings data on Wednesday, November 1st. The company reported ($0.55) earnings per share (EPS) for the quarter. Liberty Global plc – Class C had a net margin of 5.53% and a return on equity of 6.35%.

Liberty Global plc – Class C declared that its board has authorized a share buyback plan on Monday, December 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in Liberty Global plc – Class C by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,852 shares of the company’s stock valued at $121,000 after buying an additional 19 shares in the last quarter. Prudential Financial Inc. grew its holdings in Liberty Global plc – Class C by 1.5% during the 2nd quarter. Prudential Financial Inc. now owns 19,949 shares of the company’s stock valued at $622,000 after buying an additional 290 shares in the last quarter. QS Investors LLC grew its holdings in Liberty Global plc – Class C by 14.5% during the 2nd quarter. QS Investors LLC now owns 4,725 shares of the company’s stock valued at $147,000 after buying an additional 600 shares in the last quarter. Worth Venture Partners LLC grew its holdings in Liberty Global plc – Class C by 3.6% during the 2nd quarter. Worth Venture Partners LLC now owns 17,825 shares of the company’s stock valued at $555,000 after buying an additional 625 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in Liberty Global plc – Class C by 10.8% during the 2nd quarter. Toronto Dominion Bank now owns 7,363 shares of the company’s stock valued at $230,000 after buying an additional 720 shares in the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

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Liberty Global plc – Class C 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 internationally. 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, set-top boxes, and pay-per-view programming.

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