Arizona State Retirement System Cuts Holdings in Liberty Global plc (NASDAQ:LBTYK)

Arizona State Retirement System trimmed its holdings in shares of Liberty Global plc (NASDAQ:LBTYK) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,316 shares of the company’s stock after selling 5,598 shares during the quarter. Arizona State Retirement System’s holdings in Liberty Global were worth $1,250,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Liberty Global during the second quarter valued at approximately $28,000. Spire Wealth Management grew its holdings in Liberty Global by 47.0% in the first quarter. Spire Wealth Management now owns 1,752 shares of the company’s stock worth $36,000 after purchasing an additional 560 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Liberty Global in the fourth quarter worth $660,000. MV Capital Management Inc. purchased a new position in Liberty Global in the first quarter worth $54,000. Finally, Cerity Partners LLC purchased a new position in Liberty Global in the first quarter worth $5,228,000. 49.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Liberty Global

In related news, EVP Bryan H. Hall sold 5,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $19.82, for a total transaction of $99,100.00. Following the completion of the transaction, the executive vice president now directly owns 133,902 shares in the company, valued at $2,653,937.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Liberty Global news, CFO Charles H. R. Bracken sold 52,577 shares of Liberty Global stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $19.51, for a total value of $1,025,777.27. Following the completion of the transaction, the chief financial officer now owns 4,436 shares of the company’s stock, valued at $86,546.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan H. Hall sold 5,000 shares of Liberty Global stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $19.82, for a total transaction of $99,100.00. Following the completion of the transaction, the executive vice president now directly owns 133,902 shares of the company’s stock, valued at approximately $2,653,937.64. The disclosure for this sale can be found here. Insiders sold 129,797 shares of company stock worth $2,494,774 over the last three months. Company insiders own 9.86% of the company’s stock.

Liberty Global Trading Down 1.2 %

NASDAQ:LBTYK opened at $16.46 on Monday. Liberty Global plc has a 12 month low of $16.40 and a 12 month high of $22.78. The firm has a fifty day simple moving average of $18.53 and a 200-day simple moving average of $18.65. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.98 billion, a P/E ratio of 1.42 and a beta of 1.25.

Analyst Ratings Changes

Several equities analysts have issued reports on LBTYK shares. Pivotal Research lifted their price target on shares of Liberty Global from $25.00 to $27.00 in a report on Tuesday, August 15th. TheStreet downgraded shares of Liberty Global from a “c-” rating to a “d+” rating in a research note on Wednesday. Finally, StockNews.com began coverage on shares of Liberty Global in a research note on Thursday, October 5th. They set a “sell” rating for the company.

Liberty Global 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.