FMR LLC lowered its holdings in Liberty Global PLC (NASDAQ:LBTYK) by 18.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,588,207 shares of the company’s stock after selling 825,454 shares during the quarter. FMR LLC owned 0.35% of Liberty Global PLC worth $111,880,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in LBTYK. Pinnacle Financial Partners Inc. acquired a new stake in Liberty Global PLC in the 2nd quarter valued at $100,000. Ballentine Partners LLC acquired a new stake in Liberty Global PLC in the 2nd quarter valued at $201,000. United Capital Financial Advisers LLC acquired a new stake in Liberty Global PLC in the 1st quarter valued at $211,000. Cipher Capital LP acquired a new stake in Liberty Global PLC in the 2nd quarter valued at $226,000. Finally, Commonwealth Bank of Australia boosted its stake in Liberty Global PLC by 10.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 8,669 shares of the company’s stock valued at $269,000 after buying an additional 800 shares in the last quarter. 60.00% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Liberty Global PLC (NASDAQ:LBTYK) opened at 31.51 on Wednesday. Liberty Global PLC has a 52-week low of $27.36 and a 52-week high of $37.00. The company has a market cap of $31.62 billion, a P/E ratio of 34.63 and a beta of 1.56. The stock’s 50 day moving average price is $32.15 and its 200-day moving average price is $31.79.
About Liberty Global PLC
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses internationally. 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, set-top boxes, and pay-per-view programming.
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