Cornerstone Wealth Management LLC purchased a new stake in Liberty Global PLC (NASDAQ:LBTYK) in the third quarter, HoldingsChannel.com reports. The firm purchased 6,258 shares of the company’s stock, valued at approximately $200,000.
Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC increased its holdings in shares of Liberty Global by 1,186.6% in the third quarter. Cerebellum GP LLC now owns 6,742 shares of the company’s stock valued at $190,000 after purchasing an additional 6,218 shares during the period. Verition Fund Management LLC acquired a new position in shares of Liberty Global in the second quarter valued at about $202,000. First Capital Advisors Group LLC. increased its holdings in shares of Liberty Global by 35.3% in the second quarter. First Capital Advisors Group LLC. now owns 8,365 shares of the company’s stock valued at $223,000 after purchasing an additional 2,183 shares during the period. Milestone Group Inc. increased its holdings in shares of Liberty Global by 35.3% in the second quarter. Milestone Group Inc. now owns 9,051 shares of the company’s stock valued at $241,000 after purchasing an additional 2,360 shares during the period. Finally, First Hawaiian Bank acquired a new position in shares of Liberty Global in the third quarter valued at about $241,000. Institutional investors own 58.26% of the company’s stock.
Shares of LBTYK stock opened at $24.51 on Friday. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.36 and a quick ratio of 0.36. Liberty Global PLC has a fifty-two week low of $22.56 and a fifty-two week high of $37.86.
Separately, ValuEngine raised Liberty Global from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd.
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Liberty Global 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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