Liberty Global plc – Class C Sees Unusually Large Options Volume (NASDAQ:LBTYK)

Liberty Global plc – Class C (NASDAQ:LBTYK) saw unusually large options trading activity on Monday. Investors bought 2,535 call options on the company. This represents an increase of approximately 1,568% compared to the average daily volume of 152 call options.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank grew its stake in Liberty Global plc – Class C by 1,198.8% in the 3rd quarter. Huntington National Bank now owns 3,117 shares of the company’s stock valued at $102,000 after acquiring an additional 2,877 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Liberty Global plc – Class C by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,852 shares of the company’s stock valued at $121,000 after acquiring an additional 19 shares during the last quarter. Heritage Investors Management Corp acquired a new stake in Liberty Global plc – Class C in the 3rd quarter valued at about $133,000. QS Investors LLC grew its stake in Liberty Global plc – Class C by 14.5% in the 2nd quarter. QS Investors LLC now owns 4,725 shares of the company’s stock valued at $147,000 after acquiring an additional 600 shares during the last quarter. Finally, Tiedemann Wealth Management LLC acquired a new stake in Liberty Global plc – Class C in the 3rd quarter valued at about $162,000. Institutional investors and hedge funds own 60.10% of the company’s stock.

Shares of Liberty Global plc – Class C (LBTYK) traded up $0.24 during trading on Friday, reaching $34.89. 2,877,890 shares of the company’s stock were exchanged, compared to its average volume of 2,480,000. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $20,390.00, a P/E ratio of 41.93 and a beta of 1.55. Liberty Global plc – Class C has a 52 week low of $27.36 and a 52 week high of $37.00.

Liberty Global plc – Class C declared that its Board of Directors has initiated a share buyback plan on Monday, December 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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About Liberty Global plc – Class C

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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