BlackRock Inc. Has $503.81 Million Position in Liberty Global PLC (LBTYK)

BlackRock Inc. boosted its stake in shares of Liberty Global PLC (NASDAQ:LBTYK) by 3.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 17,891,042 shares of the company’s stock after buying an additional 653,030 shares during the quarter. BlackRock Inc.’s holdings in Liberty Global were worth $503,813,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBTYK. Bbva Compass Bancshares Inc. purchased a new position in shares of Liberty Global in the third quarter valued at about $167,000. Cornerstone Wealth Management LLC purchased a new position in shares of Liberty Global in the third quarter valued at about $200,000. Cerebellum GP LLC lifted its position in shares of Liberty Global by 1,186.6% in the third quarter. Cerebellum GP LLC now owns 6,742 shares of the company’s stock valued at $190,000 after acquiring an additional 6,218 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Liberty Global in the second quarter valued at about $202,000. Finally, SOL Capital Management CO purchased a new position in shares of Liberty Global in the third quarter valued at about $231,000. Institutional investors own 59.18% of the company’s stock.

NASDAQ:LBTYK opened at $23.20 on Friday. 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 PLC has a 12 month low of $21.83 and a 12 month high of $37.86.

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

Several equities analysts have recently commented on the company. TheStreet downgraded Liberty Global from a “c-” rating to a “d” rating in a research report on Thursday, November 8th. ValuEngine upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd.

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Liberty Global 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 (NASDAQ:LBTYK)

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