Citigroup Inc. Trims Stake in Liberty Global plc (NASDAQ:LBTYK)

Citigroup Inc. reduced its position in shares of Liberty Global plc (NASDAQ:LBTYK – Get Rating) by 71.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,887 shares of the company’s stock after selling 246,218 shares during the period. Citigroup Inc.’s holdings in Liberty Global were worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LBTYK. Amalgamated Bank grew its position in shares of Liberty Global by 318.0% during the 3rd quarter. Amalgamated Bank now owns 2,734 shares of the company’s stock valued at $45,000 after purchasing an additional 2,080 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Liberty Global in the fourth quarter worth $67,000. VisionPoint Advisory Group LLC purchased a new position in Liberty Global in the third quarter worth $205,000. Captrust Financial Advisors grew its position in Liberty Global by 113.5% in the second quarter. Captrust Financial Advisors now owns 10,128 shares of the company’s stock worth $224,000 after acquiring an additional 5,385 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in Liberty Global in the third quarter worth $226,000. 52.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Bryan H. Hall sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $19.77, for a total transaction of $197,700.00. Following the transaction, the executive vice president now owns 126,497 shares in the company, valued at $2,500,845.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Liberty Global news, EVP Bryan H. Hall sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $19.77, for a total value of $197,700.00. Following the sale, the executive vice president now owns 126,497 shares in the company, valued at $2,500,845.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bryan H. Hall sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $20.76, for a total transaction of $103,800.00. Following the completion of the sale, the executive vice president now owns 133,135 shares in the company, valued at approximately $2,763,882.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,000 shares of company stock valued at $421,740. Insiders own 9.86% of the company’s stock.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK opened at $16.94 on Friday. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 1.53 and a beta of 1.23. The company has a 50-day moving average price of $19.44 and a 200-day moving average price of $20.26. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. Liberty Global plc has a 12 month low of $16.16 and a 12 month high of $26.11.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LBTYK. Pivotal Research cut their target price on shares of Liberty Global from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, April 17th. StockNews.com downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Friday, May 12th.

Liberty Global Company Profile

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Liberty Global Plc operates as an international converged fixed and mobile communications company, which engages in the provision of connectivity and entertainment and connectivity services. It operates through the following geographical segments: Switzerland, Belgium, U.K., Ireland, and Central and Other.