Gamco Investors INC. ET AL Has $41.33 Million Holdings in Liberty Global plc (NASDAQ:LBTYK)

Gamco Investors INC. ET AL trimmed its position in Liberty Global plc (NASDAQ:LBTYKGet Rating) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,595,024 shares of the company’s stock after selling 25,705 shares during the period. Gamco Investors INC. ET AL owned approximately 0.31% of Liberty Global worth $41,327,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Spire Wealth Management increased its stake in Liberty Global by 13.9% in the 1st quarter. Spire Wealth Management now owns 3,676 shares of the company’s stock valued at $95,000 after buying an additional 450 shares during the last quarter. National Asset Management Inc. acquired a new stake in shares of Liberty Global in the first quarter valued at about $203,000. Private Advisor Group LLC acquired a new position in Liberty Global during the fourth quarter valued at approximately $217,000. Balentine LLC bought a new position in Liberty Global in the first quarter valued at approximately $217,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of Liberty Global during the 1st quarter worth approximately $230,000. 50.14% of the stock is currently owned by institutional investors.

Insider Activity at Liberty Global

In other Liberty Global news, Director Paul A. Gould sold 6,880 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $22.20, for a total transaction of $152,736.00. Following the completion of the sale, the director now directly owns 227,103 shares in the company, valued at $5,041,686.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Liberty Global news, Director Paul A. Gould sold 6,880 shares of the company’s stock in a transaction on Friday, June 17th. The stock was sold at an average price of $22.20, for a total value of $152,736.00. Following the transaction, the director now directly 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 link. Also, EVP Bryan H. Hall sold 12,000 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $23.32, for a total value of $279,840.00. Following the transaction, the executive vice president now owns 143,984 shares in the company, valued at approximately $3,357,706.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,679 shares of company stock worth $915,476.

Wall Street Analyst Weigh In

LBTYK has been the topic of a number of recent analyst reports. Pivotal Research lowered their target price on shares of Liberty Global from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, July 18th. StockNews.com raised shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th.

Liberty Global Stock Performance

Shares of NASDAQ LBTYK opened at $20.12 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $9.75 billion, a P/E ratio of 2.22 and a beta of 1.14. Liberty Global plc has a 12 month low of $19.82 and a 12 month high of $30.49. The stock has a 50 day moving average of $21.98 and a 200-day moving average of $23.72.

Liberty Global (NASDAQ:LBTYKGet Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $3.80 EPS for the quarter. The firm had revenue of $1.75 billion during the quarter. Liberty Global had a net margin of 63.77% and a return on equity of 15.10%.

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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Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYK)

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