Keating Investment Counselors Inc. raised its holdings in Liberty Global PLC (NASDAQ:LBTYK) by 23.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234,750 shares of the company’s stock after purchasing an additional 45,040 shares during the quarter. Liberty Global accounts for about 2.8% of Keating Investment Counselors Inc.’s holdings, making the stock its 15th biggest position. Keating Investment Counselors Inc.’s holdings in Liberty Global were worth $6,228,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Liberty Global by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 408,506 shares of the company’s stock worth $8,432,000 after purchasing an additional 1,499 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Liberty Global by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 4,531,460 shares of the company’s stock valued at $93,458,000 after buying an additional 211,812 shares during the period. FMR LLC grew its stake in shares of Liberty Global by 26.4% in the 4th quarter. FMR LLC now owns 3,153,218 shares of the company’s stock valued at $65,082,000 after buying an additional 659,289 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of Liberty Global in the 1st quarter valued at about $209,000. Finally, Steinberg Global Asset Management grew its stake in shares of Liberty Global by 11.2% in the 1st quarter. Steinberg Global Asset Management now owns 25,396 shares of the company’s stock valued at $773,000 after buying an additional 2,556 shares during the period. 59.05% of the stock is currently owned by institutional investors.
Liberty Global stock traded down $0.50 during mid-day trading on Wednesday, hitting $25.86. The company’s stock had a trading volume of 228,797 shares, compared to its average volume of 2,829,548. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 6.85. The business has a 50 day moving average of $26.37. Liberty Global PLC has a 12 month low of $19.24 and a 12 month high of $28.77.
LBTYK has been the topic of several recent analyst reports. BidaskClub cut shares of Liberty Global from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 17th. Evercore ISI reaffirmed a “buy” rating and issued a $33.00 price target on shares of Liberty Global in a report on Thursday, August 8th.
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.
Further Reading: Growth and Income Funds
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