25,000 Shares in Liberty Global PLC (LBTYK) Purchased by Meru Capital Group LP
Meru Capital Group LP bought a new stake in Liberty Global PLC (NASDAQ:LBTYK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $780,000. Liberty Global PLC comprises 2.6% of Meru Capital Group LP’s holdings, making the stock its 9th largest holding.
Several other hedge funds and other institutional investors have also modified their holdings of LBTYK. Pinnacle Financial Partners Inc. acquired a new stake in shares of Liberty Global PLC in the second quarter valued at about $100,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in shares of Liberty Global PLC in the first quarter valued at about $200,000. Ballentine Partners LLC acquired a new stake in shares of Liberty Global PLC in the second quarter valued at about $201,000. United Capital Financial Advisers LLC purchased a new stake in shares of Liberty Global PLC in the first quarter valued at about $211,000. Finally, Hall Kathryn A. purchased a new stake in shares of Liberty Global PLC in the first quarter valued at about $213,000. Institutional investors and hedge funds own 60.00% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ LBTYK) traded up 1.41% during midday trading on Friday, hitting $33.07. 4,796,195 shares of the company were exchanged. The stock has a market capitalization of $33.19 billion, a price-to-earnings ratio of 36.34 and a beta of 1.58. Liberty Global PLC has a 52-week low of $27.36 and a 52-week high of $37.00. The company has a 50-day moving average price of $32.66 and a 200-day moving average price of $32.19.
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About Liberty Global PLC
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.
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