Bronfman E.L. Rothschild L.P. lessened its stake in Liberty Global PLC (NASDAQ:LBTYK) by 29.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,319 shares of the company’s stock after selling 2,234 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Liberty Global were worth $150,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its stake in Liberty Global by 79,668.3% in the third quarter. Franklin Resources Inc. now owns 14,440,447 shares of the company’s stock valued at $406,643,000 after acquiring an additional 14,422,344 shares during the period. Baupost Group LLC MA acquired a new position in Liberty Global in the third quarter valued at about $303,251,000. Pendal Group Ltd acquired a new position in Liberty Global in the third quarter valued at about $259,322,000. St. James Investment Company LLC grew its stake in Liberty Global by 112.8% in the third quarter. St. James Investment Company LLC now owns 1,951,991 shares of the company’s stock valued at $54,968,000 after acquiring an additional 1,034,553 shares during the period. Finally, Wallace Capital Management Inc. acquired a new position in Liberty Global in the second quarter valued at about $26,302,000. Institutional investors and hedge funds own 59.18% of the company’s stock.
LBTYK stock opened at $23.20 on Friday. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.36 and a current ratio of 0.36. Liberty Global PLC has a fifty-two week low of $21.83 and a fifty-two week high of $37.86.
A number of research analysts have issued reports on the company. TheStreet cut Liberty Global from a “c-” rating to a “d” rating in a research note on Thursday, November 8th. ValuEngine raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd.
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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