AustralianSuper Pty Ltd Purchases Shares of 473,500 Liberty Global PLC (LBTYK)

AustralianSuper Pty Ltd bought a new stake in Liberty Global PLC (NASDAQ:LBTYK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 473,500 shares of the company’s stock, valued at approximately $15,483,000. AustralianSuper Pty Ltd owned approximately 0.06% of Liberty Global as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of LBTYK. Huntington National Bank lifted its position in shares of Liberty Global by 1,198.8% during the third quarter. Huntington National Bank now owns 3,117 shares of the company’s stock worth $102,000 after purchasing an additional 2,877 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Liberty Global by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,852 shares of the company’s stock valued at $121,000 after acquiring an additional 19 shares in the last quarter. Heritage Investors Management Corp bought a new stake in shares of Liberty Global in the third quarter valued at about $133,000. QS Investors LLC raised its holdings in shares of Liberty Global by 14.5% in the second quarter. QS Investors LLC now owns 4,725 shares of the company’s stock valued at $147,000 after acquiring an additional 600 shares in the last quarter. Finally, Tiedemann Wealth Management LLC bought a new stake in shares of Liberty Global in the third quarter valued at about $162,000. 60.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global PLC (NASDAQ LBTYK) traded up $0.15 during mid-day trading on Friday, hitting $33.84. The company had a trading volume of 1,940,400 shares, compared to its average volume of 2,210,125. Liberty Global PLC has a 12-month low of $27.36 and a 12-month high of $37.00. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $27,642.81, a P/E ratio of 41.27 and a beta of 1.54.

Liberty Global announced that its board has approved a share buyback program on Monday, December 18th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: “AustralianSuper Pty Ltd Purchases Shares of 473,500 Liberty Global PLC (LBTYK)” was published by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://weekherald.com/2017/12/30/australiansuper-pty-ltd-invests-15-48-million-in-liberty-global-plc-lbtyk-stock.html.

Liberty Global 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.

Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYK)

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply