JPMorgan Chase & Co. Trims Position in Liberty Global PLC (LBTYK)

JPMorgan Chase & Co. trimmed its holdings in shares of Liberty Global PLC (NASDAQ:LBTYK) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 489,217 shares of the company’s stock after selling 8,124 shares during the period. JPMorgan Chase & Co. owned about 0.06% of Liberty Global worth $13,775,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LBTYK. Bbva Compass Bancshares Inc. acquired a new position in Liberty Global in the 3rd quarter worth approximately $167,000. Cerebellum GP LLC boosted 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 purchasing an additional 6,218 shares during the period. Cornerstone Wealth Management LLC acquired a new position in Liberty Global in the 3rd quarter worth approximately $200,000. Verition Fund Management LLC acquired a new position in Liberty Global in the 2nd quarter worth approximately $202,000. Finally, SOL Capital Management CO acquired a new position in Liberty Global in the 3rd quarter worth approximately $231,000. Hedge funds and other institutional investors own 59.18% of the company’s stock.

A number of equities research analysts have issued reports on LBTYK shares. ValuEngine raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. TheStreet lowered shares of Liberty Global from a “c-” rating to a “d” rating in a research note on Thursday, November 8th.

Shares of NASDAQ:LBTYK opened at $23.20 on Friday. Liberty Global PLC has a 12-month low of $21.83 and a 12-month high of $37.86. The company has a debt-to-equity ratio of 5.45, a current ratio of 0.36 and a quick ratio of 0.36.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results on Wednesday, November 7th. The company reported ($0.56) earnings per share (EPS) for the quarter. The company had revenue of $2.96 billion for the quarter. Liberty Global had a negative net margin of 2.06% and a negative return on equity of 36.93%.

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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: Hedge Funds – Risk or Reward?

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

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