US Bancorp DE Reduces Holdings in Liberty Global PLC (NASDAQ:LBTYK)

US Bancorp DE decreased its holdings in Liberty Global PLC (NASDAQ:LBTYK) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,849 shares of the company’s stock after selling 7,762 shares during the quarter. US Bancorp DE’s holdings in Liberty Global were worth $2,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC boosted its holdings 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 buying an additional 1,762 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Liberty Global by 199.0% during the second quarter. Captrust Financial Advisors now owns 2,081 shares of the company’s stock valued at $55,000 after purchasing an additional 1,385 shares in the last quarter. Willingdon Wealth Management lifted its holdings in Liberty Global by 66.0% during the first quarter. Willingdon Wealth Management now owns 4,189 shares of the company’s stock valued at $101,000 after purchasing an additional 1,666 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in Liberty Global by 9.0% during the second quarter. Commonwealth Bank of Australia now owns 7,186 shares of the company’s stock valued at $188,000 after purchasing an additional 594 shares in the last quarter. Finally, XR Securities LLC purchased a new position in Liberty Global during the second quarter valued at approximately $237,000. 58.71% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the stock. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a report on Tuesday. Evercore ISI reaffirmed a “buy” rating and set a $33.00 price target on shares of Liberty Global in a report on Thursday, August 8th.

NASDAQ:LBTYK traded down $1.21 during trading hours on Friday, hitting $25.09. 8,942,972 shares of the stock traded hands, compared to its average volume of 7,611,499. The company has a debt-to-equity ratio of 7.15, a current ratio of 0.39 and a quick ratio of 0.39. Liberty Global PLC has a 1 year low of $19.24 and a 1 year high of $28.77. The stock has a 50 day moving average price of $26.03 and a 200 day moving average price of $25.85.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.50) earnings per share for the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. The firm had revenue of $2.85 billion for the quarter.

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.

Further Reading: Hold Rating

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Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYK)

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