IVY Lane Capital Management LLC Buys Shares of 220,000 Liberty Global plc (NASDAQ:LBTYK)

IVY Lane Capital Management LLC bought a new stake in Liberty Global plc (NASDAQ:LBTYK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 220,000 shares of the company’s stock, valued at approximately $3,909,000. Liberty Global comprises about 2.9% of IVY Lane Capital Management LLC’s holdings, making the stock its 12th biggest position. IVY Lane Capital Management LLC owned 0.05% of Liberty Global at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Liberty Global in the 2nd quarter worth approximately $28,000. Spire Wealth Management lifted its position in shares of Liberty Global by 47.0% in the 1st quarter. Spire Wealth Management now owns 1,752 shares of the company’s stock worth $36,000 after acquiring an additional 560 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Liberty Global by 78.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the company’s stock worth $62,000 after acquiring an additional 1,540 shares during the period. Amalgamated Bank lifted its position in shares of Liberty Global by 18.4% in the 4th quarter. Amalgamated Bank now owns 3,236 shares of the company’s stock worth $63,000 after acquiring an additional 502 shares during the period. Finally, Ossiam lifted its position in shares of Liberty Global by 68.7% in the 1st quarter. Ossiam now owns 4,235 shares of the company’s stock worth $86,000 after acquiring an additional 1,725 shares during the period. Institutional investors and hedge funds own 49.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LBTYK. StockNews.com began coverage on Liberty Global in a research report on Thursday, October 5th. They set a “sell” rating for the company. TheStreet downgraded Liberty Global from a “c-” rating to a “d+” rating in a research report on Wednesday, October 25th. Finally, Pivotal Research raised their target price on Liberty Global from $25.00 to $27.00 in a research report on Tuesday, August 15th.

Insider Buying and Selling

In other Liberty Global news, EVP Bryan H. Hall sold 5,000 shares of Liberty Global stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $19.82, for a total transaction of $99,100.00. Following the transaction, the executive vice president now directly owns 133,902 shares in the company, valued at $2,653,937.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Liberty Global news, EVP Bryan H. Hall sold 5,000 shares of Liberty Global stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $19.82, for a total transaction of $99,100.00. Following the transaction, the executive vice president now directly owns 133,902 shares in the company, valued at $2,653,937.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Larry E. Romrell sold 26,000 shares of Liberty Global stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $17.55, for a total value of $456,300.00. Following the transaction, the director now owns 28,209 shares in the company, valued at $495,067.95. The disclosure for this sale can be found here. Insiders sold a total of 155,797 shares of company stock valued at $2,951,074 over the last three months. Company insiders own 9.86% of the company’s stock.

Liberty Global Trading Up 1.0 %

Shares of Liberty Global stock traded up $0.17 during trading on Wednesday, reaching $17.26. 141,578 shares of the company were exchanged, compared to its average volume of 2,159,162. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.70. Liberty Global plc has a twelve month low of $16.26 and a twelve month high of $22.78. The business has a 50-day moving average price of $18.00 and a 200-day moving average price of $18.41. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 1.41 and a beta of 1.25.

Liberty Global Profile

Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent WiFi features; internet services; security solutions, such as anti-virus, anti-spyware, firewall, and spam protection; smart home services; online storage solutions; web spaces; and Connect Box that delivers in-home Wi-Fi service.