Keating Investment Counselors Inc. bought a new position in Liberty Global PLC (NASDAQ:LBTYK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 117,915 shares of the company’s stock, valued at approximately $3,320,000.
Other hedge funds also recently modified their holdings of the company. Cerebellum GP LLC grew its stake in Liberty Global by 1,186.6% in the 3rd quarter. Cerebellum GP LLC now owns 6,742 shares of the company’s stock worth $190,000 after acquiring an additional 6,218 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Liberty Global in the 3rd quarter worth about $200,000. Verition Fund Management LLC bought a new position in Liberty Global in the 2nd quarter worth about $202,000. First Capital Advisors Group LLC. grew its stake in Liberty Global by 35.3% in the 2nd quarter. First Capital Advisors Group LLC. now owns 8,365 shares of the company’s stock worth $223,000 after acquiring an additional 2,183 shares in the last quarter. Finally, SOL Capital Management CO bought a new position in Liberty Global in the 3rd quarter worth about $231,000. Institutional investors and hedge funds own 58.36% of the company’s stock.
NASDAQ LBTYK opened at $23.86 on Wednesday. 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 has a 52-week low of $22.56 and a 52-week high of $37.86.
Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.80 earnings per share (EPS) for the quarter. Liberty Global had a negative net margin of 11.46% and a negative return on equity of 27.88%. The firm had revenue of $3.05 billion for the quarter.
Separately, ValuEngine upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd.
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.
Further Reading: What factors cause inflation to rise?
Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.