Marshall Wace North America L.P. Cuts Position in Liberty Global PLC (LBTYK)
Marshall Wace North America L.P. cut its position in shares of Liberty Global PLC (NASDAQ:LBTYK) by 53.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,263 shares of the company’s stock after selling 378,876 shares during the period. Marshall Wace North America L.P.’s holdings in Liberty Global PLC were worth $10,083,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in LBTYK. Pinnacle Financial Partners Inc. acquired a new stake in shares of Liberty Global PLC during the second quarter worth $100,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in shares of Liberty Global PLC during the first quarter worth $200,000. United Capital Financial Advisers LLC acquired a new stake in shares of Liberty Global PLC during the first quarter worth $211,000. Hall Kathryn A. acquired a new stake in shares of Liberty Global PLC during the first quarter worth $213,000. Finally, Ray Gerald L & Associates Ltd. acquired a new stake in shares of Liberty Global PLC during the first quarter worth $219,000. Institutional investors own 58.82% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ:LBTYK) opened at 32.74 on Friday. Liberty Global PLC has a 52 week low of $27.36 and a 52 week high of $37.00. The firm has a market capitalization of $32.86 billion, a price-to-earnings ratio of 35.98 and a beta of 1.59. The stock has a 50 day moving average price of $32.34 and a 200-day moving average price of $32.53.
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Liberty Global PLC Company 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 internationally. 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, set-top boxes, and pay-per-view programming.
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