Liberty Global (LBTYK) Shares Up 5.4%

Liberty Global PLC (NASDAQ:LBTYK) shares shot up 5.4% on Wednesday . The stock traded as high as $23.68 and last traded at $23.46. 3,097,042 shares were traded during trading, an increase of 1% from the average session volume of 3,075,616 shares. The stock had previously closed at $22.25.

A number of research firms recently weighed in on LBTYK. TheStreet lowered Liberty Global from a “c-” rating to a “d” rating in a report on Thursday, November 8th. ValuEngine raised Liberty Global from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd.

The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.45.

Several hedge funds have recently bought and sold shares of LBTYK. Usca Ria LLC lifted its position in shares of Liberty Global by 14.3% during the 2nd quarter. Usca Ria LLC now owns 15,750 shares of the company’s stock valued at $419,000 after acquiring an additional 1,972 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of Liberty Global by 2.3% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 86,536 shares of the company’s stock valued at $2,303,000 after acquiring an additional 1,973 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Liberty Global by 4.3% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 49,599 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,032 shares during the period. Xact Kapitalforvaltning AB lifted its position in shares of Liberty Global by 2.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 103,917 shares of the company’s stock valued at $2,765,000 after acquiring an additional 2,086 shares during the period. Finally, First Capital Advisors Group LLC. lifted its position in shares of Liberty Global by 35.3% during the 2nd quarter. First Capital Advisors Group LLC. now owns 8,365 shares of the company’s stock valued at $223,000 after acquiring an additional 2,183 shares during the period. 61.85% of the stock is currently owned by institutional investors and hedge funds.

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Liberty Global Company Profile (NASDAQ:LBTYK)

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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