Beacon Financial Group Acquires New Position in Liberty Global PLC (LBTYK)

Beacon Financial Group acquired a new position in Liberty Global PLC (NASDAQ:LBTYK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,634 shares of the company’s stock, valued at approximately $1,747,000.

A number of other institutional investors have also bought and sold shares of the business. Archford Capital Strategies LLC increased its holdings in Liberty Global by 18,433.3% in the second quarter. Archford Capital Strategies LLC now owns 2,224 shares of the company’s stock valued at $200,000 after purchasing an additional 2,212 shares during the last quarter. Huntington National Bank increased its holdings in shares of Liberty Global by 1,198.8% in the third quarter. Huntington National Bank now owns 3,117 shares of the company’s stock worth $102,000 after acquiring an additional 2,877 shares in the last quarter. The Manufacturers Life Insurance Company increased 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 worth $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 worth about $133,000. Finally, QS Investors LLC increased 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 worth $147,000 after acquiring an additional 600 shares in the last quarter. 60.10% of the stock is currently owned by institutional investors.

Shares of Liberty Global PLC (NASDAQ:LBTYK) traded up $0.38 during trading on Wednesday, hitting $34.22. The company’s stock had a trading volume of 3,329,900 shares, compared to its average volume of 2,635,150. Liberty Global PLC has a 12 month low of $27.36 and a 12 month high of $37.00. The company has a market capitalization of $27,765.89, a P/E ratio of 41.73 and a beta of 1.55. 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 declared that its board has initiated 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 repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: “Beacon Financial Group Acquires New Position in Liberty Global PLC (LBTYK)” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.chaffeybreeze.com/2018/01/03/beacon-financial-group-acquires-new-position-in-liberty-global-plc-lbtyk.html.

About Liberty Global

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.

Latest News

Leave a Reply