Liberty Global plc (NASDAQ:LBTYK) Stock Position Lowered by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP reduced its holdings in shares of Liberty Global plc (NASDAQ:LBTYK – Get Rating) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,151,880 shares of the company’s stock after selling 302,316 shares during the quarter. Liberty Global makes up 17.4% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 2nd largest position. Trinity Street Asset Management LLP’s holdings in Liberty Global were worth $107,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LBTYK. Whittier Trust Co. lifted its position in shares of Liberty Global by 74.4% in the fourth quarter. Whittier Trust Co. now owns 1,397 shares of the company’s stock valued at $39,000 after acquiring an additional 596 shares in the last quarter. Sargent Bickham Lagudis LLC purchased a new position in Liberty Global in the 4th quarter valued at about $90,000. Captrust Financial Advisors boosted its stake in shares of Liberty Global by 61.8% during the 3rd quarter. Captrust Financial Advisors now owns 5,895 shares of the company’s stock worth $174,000 after purchasing an additional 2,252 shares during the last quarter. United Capital Financial Advisers LLC purchased a new stake in shares of Liberty Global during the third quarter worth about $205,000. Finally, Private Advisor Group LLC acquired a new position in shares of Liberty Global in the fourth quarter valued at approximately $217,000. Institutional investors own 54.11% of the company’s stock.

A number of research analysts have weighed in on LBTYK shares. StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Friday, May 20th. TheStreet downgraded Liberty Global from a “b-” rating to a “c” rating in a research report on Friday, May 6th.

In other news, Director Paul A. Gould sold 6,880 shares of the firm’s stock in a transaction on Friday, June 17th. The shares were sold at an average price of $22.20, for a total value of $152,736.00. Following the transaction, the director now owns 227,103 shares of the company’s stock, valued at approximately $5,041,686.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry E. Romrell sold 6,828 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $22.26, for a total transaction of $151,991.28. Following the sale, the director now directly owns 25,221 shares of the company’s stock, valued at $561,419.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,479 shares of company stock valued at $1,885,220.

Liberty Global stock traded up $0.35 during trading on Wednesday, reaching $23.28. The company had a trading volume of 10,930 shares, compared to its average volume of 1,989,621. Liberty Global plc has a 12-month low of $21.83 and a 12-month high of $30.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s 50 day moving average price is $24.36 and its two-hundred day moving average price is $26.03. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 0.99 and a beta of 1.15.

Liberty Global (NASDAQ:LBTYK – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $1.88 earnings per share for the quarter. The company had revenue of $1.85 billion for the quarter. Liberty Global had a net margin of 148.96% and a return on equity of 16.37%.

Liberty Global Company Profile (Get Rating)

Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.

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