Quantitative Systematic Strategies LLC bought 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 SEC. The institutional investor bought 7,000 shares of the company’s stock, valued at approximately $222,000.
Other institutional investors also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership increased its position in Liberty Global PLC by 0.7% in the first quarter. Artisan Partners Limited Partnership now owns 10,900,902 shares of the company’s stock valued at $391,015,000 after buying an additional 76,709 shares in the last quarter. BlackRock Inc. boosted its position in Liberty Global PLC by 2,739.9% in the first quarter. BlackRock Inc. now owns 10,201,377 shares of the company’s stock worth $365,923,000 after buying an additional 9,842,167 shares during the last quarter. Geode Capital Management LLC boosted its position in Liberty Global PLC by 3.0% in the first quarter. Geode Capital Management LLC now owns 1,742,676 shares of the company’s stock worth $62,483,000 after buying an additional 51,073 shares during the last quarter. Gabelli Funds LLC boosted its position in Liberty Global PLC by 2.0% in the first quarter. Gabelli Funds LLC now owns 1,555,072 shares of the company’s stock worth $55,780,000 after buying an additional 31,000 shares during the last quarter. Finally, Rivulet Capital LLC boosted its position in Liberty Global PLC by 13.2% in the first quarter. Rivulet Capital LLC now owns 1,472,300 shares of the company’s stock worth $52,811,000 after buying an additional 171,400 shares during the last quarter. 22.53% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Global PLC (NASDAQ:LBTYA) opened at 33.40 on Friday. The company’s 50-day moving average price is $33.17 and its 200 day moving average price is $33.50. The firm has a market capitalization of $33.52 billion, a price-to-earnings ratio of 36.70 and a beta of 1.67. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69.
A number of equities analysts recently issued reports on LBTYA shares. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Tuesday, June 20th. BidaskClub upgraded Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 target price on shares of Liberty Global PLC in a report on Friday, May 5th. TheStreet cut Liberty Global PLC from a “b-” rating to a “c+” rating in a report on Tuesday, May 9th. Finally, Redburn Partners upgraded Liberty Global PLC to a “buy” rating in a report on Tuesday, July 11th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Liberty Global PLC has an average rating of “Buy” and an average price target of $39.85.
In related news, Director John C. Malone purchased 242,778 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average price of $24.83 per share, for a total transaction of $6,028,177.74. Following the transaction, the director now directly owns 927,830 shares of the company’s stock, valued at approximately $23,038,018.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David E. Rapley sold 2,985 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $32.81, for a total value of $97,937.85. Following the completion of the transaction, the director now owns 14,795 shares in the company, valued at approximately $485,423.95. The disclosure for this sale can be found here. Insiders have acquired a total of 1,610,000 shares of company stock valued at $37,412,081 over the last ninety days. 3.93% of the stock is owned by company insiders.
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.
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