Russell Investments Group Ltd. increased its position in shares of Liberty Global plc (NASDAQ:LBTYK) by 43.0% in the 4th quarter, Holdings Channel reports. The firm owned 791,457 shares of the company’s stock after purchasing an additional 237,939 shares during the period. Russell Investments Group Ltd.’s holdings in Liberty Global were worth $18,678,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Tompkins Financial Corp purchased a new stake in Liberty Global in the 4th quarter valued at $44,000. BlackRock Inc. grew its holdings in Liberty Global by 4.5% in the 4th quarter. BlackRock Inc. now owns 13,672,828 shares of the company’s stock valued at $323,362,000 after buying an additional 593,285 shares in the last quarter. Aperio Group LLC grew its holdings in Liberty Global by 1.0% in the 4th quarter. Aperio Group LLC now owns 113,901 shares of the company’s stock valued at $2,694,000 after buying an additional 1,094 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Liberty Global in the 4th quarter valued at $277,000. Finally, Cypress Point Wealth Management LLC purchased a new stake in Liberty Global in the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 49.42% of the company’s stock.
Shares of NASDAQ:LBTYK opened at $25.49 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $24.85 and a two-hundred day moving average of $22.48. The stock has a market cap of $14.86 billion, a P/E ratio of -7.77 and a beta of 1.31. Liberty Global plc has a 52-week low of $14.35 and a 52-week high of $26.42.
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers Wi-Fi and Internet services, such as email, address book, and parental controls; security; online storage solutions and Web spaces; and Connect Box, a connectivity device that delivers in-home Wi-Fi coverage.
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