Liberty Global plc – Class C (LBTYK) Stake Lowered by Swiss National Bank

Swiss National Bank trimmed its position in shares of Liberty Global plc – Class C (NASDAQ:LBTYK) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,095,556 shares of the company’s stock after selling 53,000 shares during the period. Swiss National Bank owned about 0.26% of Liberty Global plc – Class C worth $70,914,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. AustralianSuper Pty Ltd bought a new position in shares of Liberty Global plc – Class C during the third quarter valued at about $15,483,000. Allen Investment Management LLC raised its stake in shares of Liberty Global plc – Class C by 182.2% during the third quarter. Allen Investment Management LLC now owns 86,021 shares of the company’s stock valued at $2,813,000 after acquiring an additional 55,535 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Liberty Global plc – Class C by 5.5% during the third quarter. California Public Employees Retirement System now owns 1,528,688 shares of the company’s stock valued at $49,988,000 after acquiring an additional 79,205 shares during the last quarter. St. James Investment Company LLC bought a new position in shares of Liberty Global plc – Class C during the third quarter valued at about $1,293,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Liberty Global plc – Class C by 748.7% during the third quarter. BNP Paribas Arbitrage SA now owns 173,738 shares of the company’s stock valued at $5,681,000 after acquiring an additional 153,266 shares during the last quarter. 59.45% of the stock is owned by hedge funds and other institutional investors.

Liberty Global plc – Class C (LBTYK) opened at $34.92 on Thursday. Liberty Global plc – Class C has a one year low of $27.36 and a one year high of $37.86. The stock has a market cap of $27,888.97, a PE ratio of 42.59 and a beta of 1.51. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.64.

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

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Liberty Global plc – Class C 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 plc - Class C (NASDAQ:LBTYK)

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