Beese Fulmer Investment Management Inc. Decreases Position in Liberty Global PLC (NASDAQ:LBTYK)
Beese Fulmer Investment Management Inc. cut its position in Liberty Global PLC (NASDAQ:LBTYK) by 22.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,737 shares of the company’s stock after selling 6,518 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Liberty Global were worth $541,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC grew its stake in shares of Liberty Global by 1,894.6% in the second quarter. Advisory Services Network LLC now owns 1,855 shares of the company’s stock worth $49,000 after acquiring an additional 1,762 shares during the period. Whittier Trust Co. grew its stake in shares of Liberty Global by 271.1% in the third quarter. Whittier Trust Co. now owns 2,171 shares of the company’s stock worth $52,000 after acquiring an additional 1,586 shares during the period. Captrust Financial Advisors grew its stake in shares of Liberty Global by 199.0% in the second quarter. Captrust Financial Advisors now owns 2,081 shares of the company’s stock worth $55,000 after acquiring an additional 1,385 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Liberty Global in the second quarter worth approximately $117,000. Finally, Commonwealth Bank of Australia grew its stake in shares of Liberty Global by 9.0% in the second quarter. Commonwealth Bank of Australia now owns 7,186 shares of the company’s stock worth $188,000 after acquiring an additional 594 shares during the period. 58.55% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ LBTYK opened at $23.68 on Thursday. The firm has a 50 day moving average of $24.04 and a 200 day moving average of $25.46. 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 12-month low of $19.24 and a 12-month high of $27.84.
A number of brokerages have recently commented on LBTYK. BidaskClub upgraded shares of Liberty Global from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th. Evercore ISI reiterated a “buy” rating and issued a $33.00 price target on shares of Liberty Global in a research note on Thursday, August 8th.
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 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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