Liberty Global plc – Class C (LBTYK) Stake Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Liberty Global plc – Class C (NASDAQ:LBTYK) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,480,554 shares of the company’s stock after selling 28,679 shares during the period. Bank of New York Mellon Corp’s holdings in Liberty Global plc – Class C were worth $50,102,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. AustralianSuper Pty Ltd acquired a new stake in Liberty Global plc – Class C during the 3rd quarter worth approximately $15,483,000. Allen Investment Management LLC increased its position in Liberty Global plc – Class C by 182.2% during the 3rd quarter. Allen Investment Management LLC now owns 86,021 shares of the company’s stock worth $2,813,000 after purchasing an additional 55,535 shares in the last quarter. California Public Employees Retirement System increased its position in Liberty Global plc – Class C by 5.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,528,688 shares of the company’s stock worth $49,988,000 after purchasing an additional 79,205 shares in the last quarter. St. James Investment Company LLC acquired a new stake in Liberty Global plc – Class C during the 3rd quarter worth approximately $1,293,000. Finally, BNP Paribas Arbitrage SA increased its position in Liberty Global plc – Class C by 748.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 173,738 shares of the company’s stock worth $5,681,000 after purchasing an additional 153,266 shares in the last quarter. Institutional investors and hedge funds own 59.35% of the company’s stock.

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Separately, ValuEngine downgraded shares of Liberty Global plc – Class C from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st.

Shares of Liberty Global plc – Class C (NASDAQ LBTYK) opened at $32.43 on Friday. The stock has a market cap of $25,709.84, a P/E ratio of -14.04 and a beta of 1.61. Liberty Global plc – Class C has a 1 year low of $27.36 and a 1 year high of $37.86. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 5.95.

Liberty Global plc – Class C announced that its board has initiated a share buyback program on Monday, December 18th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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Liberty Global plc – Class C 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 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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Institutional Ownership by Quarter for Liberty Global plc - Class C (NASDAQ:LBTYK)

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