Liberty Global plc – Class C (NASDAQ:LBTYK) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 9,265,431 shares, a drop of 19.4% from the January 12th total of 11,490,781 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 2,799,714 shares, the days-to-cover ratio is currently 3.3 days.

Large investors have recently modified their holdings of the stock. Archford Capital Strategies LLC increased its position in shares of Liberty Global plc – Class C by 18,433.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,224 shares of the company’s stock worth $200,000 after purchasing an additional 2,212 shares during the last quarter. Huntington National Bank grew its position 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 in the last quarter. The Manufacturers Life Insurance Company grew its position 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 in the last quarter. Heritage Investors Management Corp acquired a new position in Liberty Global plc – Class C in the 3rd quarter valued at about $133,000. Finally, QS Investors LLC grew its position 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 in the last quarter. 60.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Liberty Global plc – Class C (LBTYK) opened at $33.99 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $19,920.00, a PE ratio of 41.45 and a beta of 1.51. Liberty Global plc – Class C has a 52-week low of $27.36 and a 52-week high of $37.86.

Liberty Global plc – Class C announced that its Board of Directors has initiated a share repurchase program on Monday, December 18th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are 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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