Gabelli Funds LLC Has $38.27 Million Holdings in Liberty Global plc (NASDAQ:LBTYK)

Gabelli Funds LLC decreased its position in Liberty Global plc (NASDAQ:LBTYK) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,153,485 shares of the company’s stock after selling 48,300 shares during the period. Gabelli Funds LLC owned approximately 0.51% of Liberty Global worth $38,267,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Liberty Global in the 2nd quarter valued at $28,000. Spire Wealth Management increased its stake in Liberty Global by 47.0% in the first quarter. Spire Wealth Management now owns 1,752 shares of the company’s stock valued at $36,000 after purchasing an additional 560 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Liberty Global by 78.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the company’s stock worth $62,000 after purchasing an additional 1,540 shares in the last quarter. Amalgamated Bank grew its stake in shares of Liberty Global by 18.4% in the 4th quarter. Amalgamated Bank now owns 3,236 shares of the company’s stock valued at $63,000 after buying an additional 502 shares during the period. Finally, Ossiam increased its position in Liberty Global by 68.7% in the 1st quarter. Ossiam now owns 4,235 shares of the company’s stock valued at $86,000 after buying an additional 1,725 shares in the last quarter. Institutional investors own 49.90% of the company’s stock.

Liberty Global Stock Up 1.1 %

LBTYK traded up $0.19 during midday trading on Friday, reaching $17.47. 1,585,695 shares of the company were exchanged, compared to its average volume of 2,165,804. Liberty Global plc has a one year low of $16.26 and a one year high of $22.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 1.45. The company’s fifty day moving average price is $17.92 and its 200 day moving average price is $18.37. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 1.51 and a beta of 1.25.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LBTYK. TheStreet cut Liberty Global from a “c-” rating to a “d+” rating in a research note on Wednesday, October 25th. StockNews.com began coverage on shares of Liberty Global in a research note on Thursday, October 5th. They set a “sell” rating for the company. Finally, Pivotal Research upped their price objective on shares of Liberty Global from $25.00 to $27.00 in a report on Tuesday, August 15th.

Insider Buying and Selling

In other news, EVP Andrea Salvato sold 50,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $18.93, for a total value of $946,500.00. Following the completion of the sale, the executive vice president now owns 121,905 shares in the company, valued at $2,307,661.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Liberty Global news, EVP Bryan H. Hall sold 5,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $19.82, for a total value of $99,100.00. Following the transaction, the executive vice president now owns 133,902 shares of the company’s stock, valued at $2,653,937.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrea Salvato sold 50,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $18.93, for a total value of $946,500.00. Following the completion of the transaction, the executive vice president now owns 121,905 shares of the company’s stock, valued at approximately $2,307,661.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,997 shares of company stock worth $3,456,514. 9.86% of the stock is owned by corporate insiders.

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.