Quantitative Systematic Strategies LLC Acquires New Stake in Liberty Global PLC (NASDAQ:LBTYA)

Quantitative Systematic Strategies LLC acquired a new stake in shares of Liberty Global PLC (NASDAQ:LBTYA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,000 shares of the company’s stock, valued at approximately $222,000.

Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in shares of Liberty Global PLC during the first quarter worth approximately $163,000. Simplex Trading LLC purchased a new position in shares of Liberty Global PLC during the second quarter worth approximately $164,000. Everett Harris & Co. CA purchased a new position in shares of Liberty Global PLC during the first quarter worth approximately $201,000. Waldron LP purchased a new position in shares of Liberty Global PLC during the first quarter worth approximately $209,000. Finally, World Asset Management Inc purchased a new position in shares of Liberty Global PLC during the first quarter worth approximately $218,000. 22.70% of the stock is owned by institutional investors.

Liberty Global PLC (NASDAQ LBTYA) traded up 0.960% on Tuesday, reaching $34.185. The company’s stock had a trading volume of 1,372,099 shares. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69. The company has a market cap of $35.20 billion, a P/E ratio of 20.556 and a beta of 1.66. The company has a 50-day moving average price of $31.38 and a 200 day moving average price of $33.57.

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A number of research analysts recently commented on the company. Jefferies Group LLC set a $43.00 target price on Liberty Global PLC and gave the company a “buy” rating in a research note on Saturday, June 17th. UBS AG assumed coverage on Liberty Global PLC in a research note on Friday, June 16th. They issued a “neutral” rating and a $31.00 target price for the company. BidaskClub upgraded Liberty Global PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Pivotal Research cut their target price on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, July 18th. Finally, Zacks Investment Research lowered Liberty Global PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.92.

In related news, Director John C. Malone acquired 384,673 shares of the company’s stock in a transaction on Friday, July 7th. The stock was purchased at an average cost of $21.80 per share, with a total value of $8,385,871.40. Following the acquisition, the director now directly owns 761,816 shares of the company’s stock, valued at $16,607,588.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Malone acquired 223,186 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was bought at an average cost of $21.76 per share, with a total value of $4,856,527.36. Following the completion of the acquisition, the director now directly owns 761,816 shares in the company, valued at $16,577,116.16. The disclosure for this purchase can be found here. Insiders acquired a total of 1,610,000 shares of company stock valued at $37,412,081 over the last ninety days. Insiders own 5.81% of the company’s stock.

Liberty Global PLC Company Profile

Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.