Industrial Alliance Investment Management Inc. Buys New Holdings in Liberty Global plc (NASDAQ:LBTYK)

Industrial Alliance Investment Management Inc. bought a new stake in Liberty Global plc (NASDAQ:LBTYK) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,130 shares of the company’s stock, valued at approximately $105,000.

Several other hedge funds have also recently added to or reduced their stakes in LBTYK. Spire Wealth Management increased its stake in Liberty Global by 47.0% in the first quarter. Spire Wealth Management now owns 1,752 shares of the company’s stock valued at $36,000 after purchasing an additional 560 shares during the last quarter. MV Capital Management Inc. purchased a new position in Liberty Global in the first quarter valued at approximately $54,000. CVA Family Office LLC increased its stake in Liberty Global by 443.0% in the fourth quarter. CVA Family Office LLC now owns 2,905 shares of the company’s stock valued at $56,000 after purchasing an additional 2,370 shares during the last quarter. Amalgamated Bank increased its stake in Liberty Global by 18.4% in the fourth quarter. Amalgamated Bank now owns 3,236 shares of the company’s stock valued at $63,000 after purchasing an additional 502 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Liberty Global by 789.9% in the first quarter. Tower Research Capital LLC TRC now owns 5,562 shares of the company’s stock valued at $113,000 after purchasing an additional 4,937 shares during the last quarter. Institutional investors and hedge funds own 49.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Liberty Global in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Pivotal Research raised their target price on shares of Liberty Global from $25.00 to $27.00 in a research report on Tuesday, August 15th.

Liberty Global Price Performance

NASDAQ:LBTYK opened at $19.37 on Tuesday. The firm’s fifty day moving average price is $18.93 and its 200 day moving average price is $19.28. Liberty Global plc has a 1-year low of $16.16 and a 1-year high of $22.78. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings data on Monday, July 24th. The company reported ($1.13) earnings per share for the quarter. Liberty Global had a negative net margin of 48.91% and a negative return on equity of 15.74%. The firm had revenue of $1.85 billion during the quarter.

Insider Buying and Selling at Liberty Global

In other news, EVP Andrea Salvato sold 50,000 shares of Liberty Global stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $18.93, for a total transaction of $946,500.00. Following the completion of the transaction, the executive vice president now owns 121,905 shares of the company’s stock, valued at approximately $2,307,661.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.86% of the stock is owned by corporate insiders.

Liberty Global Company Profile

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; internet services; security solutions, such as anti-virus, anti-spyware, firewall, and spam protection; smart home services; online storage solutions; web spaces; and Connect Box that delivers in-home Wi-Fi service.