First Manhattan Co. Decreases Position in Liberty Global PLC Class C (LBTYK)

First Manhattan Co. lowered its stake in Liberty Global PLC Class C (NASDAQ:LBTYK) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 112,852 shares of the company’s stock after selling 4,403 shares during the period. First Manhattan Co.’s holdings in Liberty Global PLC Class C were worth $3,177,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC grew its stake in Liberty Global PLC Class C by 1,186.6% in the 3rd quarter. Cerebellum GP LLC now owns 6,742 shares of the company’s stock valued at $190,000 after buying an additional 6,218 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Liberty Global PLC Class C during the 2nd quarter worth approximately $202,000. First Capital Advisors Group LLC. grew its position in shares of Liberty Global PLC Class C by 35.3% during the 2nd quarter. First Capital Advisors Group LLC. now owns 8,365 shares of the company’s stock worth $223,000 after purchasing an additional 2,183 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Liberty Global PLC Class C during the 1st quarter worth approximately $263,000. Finally, Milestone Group Inc. grew its position in shares of Liberty Global PLC Class C by 35.3% during the 2nd quarter. Milestone Group Inc. now owns 9,051 shares of the company’s stock worth $241,000 after purchasing an additional 2,360 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Separately, ValuEngine upgraded shares of Liberty Global PLC Class C from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd.

Shares of NASDAQ:LBTYK opened at $25.34 on Friday. Liberty Global PLC Class C has a 12-month low of $23.97 and a 12-month high of $37.86. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98.

Liberty Global PLC Class C (NASDAQ:LBTYK) last announced its earnings results on Wednesday, August 8th. The company reported $0.80 earnings per share (EPS) for the quarter. Liberty Global PLC Class C had a negative net margin of 11.46% and a negative return on equity of 27.88%. The firm had revenue of $3.05 billion for the quarter.

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 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.

Further Reading: Retained Earnings

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

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