Portland Hill Asset Management Ltd trimmed its position in shares of Liberty Global PLC (NASDAQ:LBTYK) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,913 shares of the company’s stock after selling 6,247 shares during the quarter. Liberty Global accounts for approximately 4.2% of Portland Hill Asset Management Ltd’s portfolio, making the stock its 9th largest holding. Portland Hill Asset Management Ltd’s holdings in Liberty Global were worth $9,704,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of LBTYK. BlackRock Inc. grew its position in Liberty Global by 5.2% during the second quarter. BlackRock Inc. now owns 17,238,012 shares of the company’s stock worth $458,707,000 after buying an additional 850,267 shares during the period. Macquarie Group Ltd. grew its position in Liberty Global by 15.6% during the second quarter. Macquarie Group Ltd. now owns 5,031,815 shares of the company’s stock worth $133,896,000 after buying an additional 680,747 shares during the period. ACR Alpine Capital Research LLC grew its position in Liberty Global by 12.3% during the second quarter. ACR Alpine Capital Research LLC now owns 4,252,303 shares of the company’s stock worth $113,154,000 after buying an additional 464,562 shares during the period. Jennison Associates LLC grew its position in Liberty Global by 30.4% during the second quarter. Jennison Associates LLC now owns 3,698,497 shares of the company’s stock worth $98,417,000 after buying an additional 861,447 shares during the period. Finally, Northern Trust Corp grew its position in Liberty Global by 0.6% during the second quarter. Northern Trust Corp now owns 2,456,825 shares of the company’s stock worth $65,376,000 after buying an additional 14,513 shares during the period. Institutional investors and hedge funds own 58.36% of the company’s stock.
Shares of LBTYK opened at $23.86 on Wednesday. The company has a debt-to-equity ratio of 5.98, a quick ratio of 0.36 and a current ratio of 0.36. Liberty Global PLC has a 1 year low of $22.56 and a 1 year high of $37.86.
Separately, ValuEngine upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd.
Liberty Global 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 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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