NEXT Financial Group Inc Sells 1,274 Shares of Liberty Global PLC (NASDAQ:LBTYK)

NEXT Financial Group Inc reduced its holdings in shares of Liberty Global PLC (NASDAQ:LBTYK) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,897 shares of the company’s stock after selling 1,274 shares during the quarter. NEXT Financial Group Inc’s holdings in Liberty Global were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LBTYK. Hi Line Capital Management LLC grew its stake in shares of Liberty Global by 70.1% in the first quarter. Hi Line Capital Management LLC now owns 378,733 shares of the company’s stock valued at $9,169,000 after buying an additional 156,118 shares in the last quarter. Cardan Capital Partners LLC grew its stake in shares of Liberty Global by 13.2% in the first quarter. Cardan Capital Partners LLC now owns 91,451 shares of the company’s stock valued at $2,214,000 after buying an additional 10,650 shares in the last quarter. Raymond James Trust N.A. bought a new position in shares of Liberty Global in the first quarter valued at $209,000. Squar Milner Financial Services LLC grew its stake in shares of Liberty Global by 166.8% in the first quarter. Squar Milner Financial Services LLC now owns 23,793 shares of the company’s stock valued at $576,000 after buying an additional 14,876 shares in the last quarter. Finally, Beacon Financial Group grew its stake in shares of Liberty Global by 9.6% in the first quarter. Beacon Financial Group now owns 101,029 shares of the company’s stock valued at $2,446,000 after buying an additional 8,808 shares in the last quarter. 59.24% of the stock is owned by institutional investors.

Separately, BidaskClub cut shares of Liberty Global from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 17th.

Shares of NASDAQ:LBTYK traded up $0.12 during midday trading on Friday, hitting $25.95. The stock had a trading volume of 1,711,766 shares, compared to its average volume of 2,401,535. Liberty Global PLC has a 12 month low of $19.24 and a 12 month high of $28.77. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 6.85. The business has a 50-day moving average of $26.52.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.43) earnings per share (EPS) for the quarter. Liberty Global had a net margin of 16.23% and a negative return on equity of 2.41%. The business had revenue of $2.87 billion for the quarter.

Liberty Global 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 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.

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

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