Ladenburg Thalmann Financial Services Inc. Raises Position in Liberty Global plc – Class C (LBTYK)

Ladenburg Thalmann Financial Services Inc. boosted its holdings in Liberty Global plc – Class C (NASDAQ:LBTYK) by 111.2% during the fourth quarter, Holdings Channel reports. The fund owned 12,565 shares of the company’s stock after acquiring an additional 6,616 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Liberty Global plc – Class C were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LBTYK. AustralianSuper Pty Ltd acquired a new stake in shares of Liberty Global plc – Class C during the 3rd quarter worth about $15,483,000. California Public Employees Retirement System boosted its stake in shares of Liberty Global plc – Class C by 5.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,528,688 shares of the company’s stock worth $49,988,000 after purchasing an additional 79,205 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Liberty Global plc – Class C by 0.3% during the 4th quarter. BlackRock Inc. now owns 16,810,262 shares of the company’s stock worth $568,858,000 after purchasing an additional 48,916 shares during the last quarter. State of Wisconsin Investment Board acquired a new stake in shares of Liberty Global plc – Class C during the 4th quarter worth about $37,744,000. Finally, St. James Investment Company LLC boosted its stake in shares of Liberty Global plc – Class C by 2,169.2% during the 4th quarter. St. James Investment Company LLC now owns 897,575 shares of the company’s stock worth $30,374,000 after purchasing an additional 858,020 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

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Liberty Global plc – Class C stock opened at $30.35 on Friday. Liberty Global plc – Class C has a 12-month low of $27.36 and a 12-month high of $37.86. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 5.95.

Liberty Global plc – Class C (NASDAQ:LBTYK) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.68) earnings per share (EPS) for the quarter. Liberty Global plc – Class C had a negative return on equity of 21.22% and a negative net margin of 15.83%. The firm had revenue of $3.99 billion for the quarter.

Liberty Global plc – Class C announced that its board has initiated a stock buyback program on Monday, December 18th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Separately, ValuEngine cut shares of Liberty Global plc – Class C from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st.

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Liberty Global plc – Class C Company Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses internationally. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, set-top boxes, and pay-per-view programming.

Want to see what other hedge funds are holding LBTYK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Global plc – Class C (NASDAQ:LBTYK).

Institutional Ownership by Quarter for Liberty Global plc - Class C (NASDAQ:LBTYK)

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