Korea Investment CORP Sells 95,500 Shares of Liberty Global PLC Class C (LBTYK)

Korea Investment CORP lowered its stake in shares of Liberty Global PLC Class C (NASDAQ:LBTYK) by 57.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 71,435 shares of the company’s stock after selling 95,500 shares during the period. Korea Investment CORP’s holdings in Liberty Global PLC Class C were worth $1,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Liberty Global PLC Class C by 5.2% in the 2nd quarter. BlackRock Inc. now owns 17,238,012 shares of the company’s stock valued at $458,707,000 after purchasing an additional 850,267 shares in the last quarter. Farallon Capital Management LLC increased its stake in shares of Liberty Global PLC Class C by 19.4% in the 1st quarter. Farallon Capital Management LLC now owns 4,898,093 shares of the company’s stock valued at $149,049,000 after purchasing an additional 795,970 shares in the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Liberty Global PLC Class C by 12.3% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,252,303 shares of the company’s stock valued at $113,154,000 after purchasing an additional 464,562 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Liberty Global PLC Class C by 30.4% in the 2nd quarter. Jennison Associates LLC now owns 3,698,497 shares of the company’s stock valued at $98,417,000 after purchasing an additional 861,447 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Liberty Global PLC Class C by 0.4% in the 2nd quarter. FMR LLC now owns 2,317,134 shares of the company’s stock valued at $61,659,000 after purchasing an additional 8,666 shares in the last quarter. Institutional investors and hedge funds own 58.34% of the company’s stock.

LBTYK stock opened at $27.23 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 5.98. Liberty Global PLC Class C has a 12-month low of $25.05 and a 12-month high of $37.86.

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

Separately, ValuEngine upgraded Liberty Global PLC Class C from a “sell” rating to a “hold” rating in a research note on Monday, June 11th.

Liberty Global PLC Class C Company 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 PLC Class C (NASDAQ:LBTYK)

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