D. E. Shaw & Co. Inc. Buys Shares of 9,500 Liberty Global PLC (NASDAQ:LBTYK)

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D. E. Shaw & Co. Inc. bought a new stake in Liberty Global PLC (NASDAQ:LBTYK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,500 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LBTYK. Baupost Group LLC MA lifted its stake in Liberty Global by 7.3% in the second quarter. Baupost Group LLC MA now owns 41,937,674 shares of the company’s stock valued at $1,112,606,000 after acquiring an additional 2,844,679 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Liberty Global in the second quarter valued at approximately $27,827,000. ACR Alpine Capital Research LLC lifted its stake in Liberty Global by 18.7% in the first quarter. ACR Alpine Capital Research LLC now owns 6,462,856 shares of the company’s stock valued at $156,465,000 after acquiring an additional 1,017,687 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Liberty Global by 32.4% in the second quarter. Russell Investments Group Ltd. now owns 2,294,192 shares of the company’s stock valued at $60,784,000 after acquiring an additional 561,151 shares during the last quarter. Finally, FMR LLC lifted its stake in Liberty Global by 15.1% in the first quarter. FMR LLC now owns 3,629,615 shares of the company’s stock valued at $87,873,000 after acquiring an additional 476,397 shares during the last quarter. Hedge funds and other institutional investors own 58.71% of the company’s stock.

Shares of Liberty Global stock opened at $23.49 on Friday. The firm has a fifty day simple moving average of $25.29 and a 200-day simple moving average of $25.72. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.39 and a current ratio of 0.39. Liberty Global PLC has a 1-year low of $19.24 and a 1-year high of $27.84.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.50) earnings per share for the quarter. Liberty Global had a negative return on equity of 26.88% and a net margin of 9.11%. The firm had revenue of $2.85 billion during the quarter.

A number of analysts have recently weighed in on LBTYK shares. BidaskClub upgraded shares of Liberty Global from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th. Evercore ISI restated a “buy” rating and issued a $33.00 price objective on shares of Liberty Global in a research note on Thursday, August 8th.

Liberty Global 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 in Europe. 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, and set-top boxes.

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

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