MANA Advisors LLC bought a new position in shares of Liberty Global plc – Class C (NASDAQ:LBTYK) in the fourth quarter, Holdings Channel reports. The institutional investor bought 10,443 shares of the company’s stock, valued at approximately $353,000.
Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Liberty Global plc – Class C by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 3,852 shares of the company’s stock worth $121,000 after acquiring an additional 19 shares during the last quarter. Tiedemann Wealth Management LLC bought a new stake in Liberty Global plc – Class C in the third quarter valued at about $162,000. First Capital Advisors Group LLC. bought a new stake in Liberty Global plc – Class C in the fourth quarter valued at about $203,000. Wealthstreet Investment Advisors LLC bought a new stake in Liberty Global plc – Class C in the fourth quarter valued at about $212,000. Finally, Pineno Levin & Ford Asset Management Inc. bought a new stake in Liberty Global plc – Class C in the fourth quarter valued at about $231,000. Institutional investors own 59.78% of the company’s stock.
Separately, ValuEngine downgraded Liberty Global plc – Class C from a “hold” rating to a “sell” rating in a report on Thursday, March 1st.
Liberty Global plc – Class C announced that its board has approved a share repurchase plan on Monday, December 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
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Liberty Global plc – Class C 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.
Want to see what other hedge funds are holding LBTYK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Global plc – Class C (NASDAQ:LBTYK).
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