Swiss National Bank lifted its stake in Liberty Global PLC (NASDAQ:LBTYA) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 878,078 shares of the company’s stock after purchasing an additional 13,100 shares during the quarter. Swiss National Bank owned about 0.09% of Liberty Global PLC worth $28,204,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. MAI Capital Management grew its position in Liberty Global PLC by 0.7% in the first quarter. MAI Capital Management now owns 9,255 shares of the company’s stock worth $332,000 after acquiring an additional 60 shares during the period. High Pointe Capital Management LLC boosted its position in shares of Liberty Global PLC by 5.7% during the second quarter. High Pointe Capital Management LLC now owns 6,670 shares of the company’s stock worth $214,000 after buying an additional 360 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Liberty Global PLC by 6.2% during the second quarter. Janney Montgomery Scott LLC now owns 8,363 shares of the company’s stock worth $269,000 after buying an additional 488 shares during the period. Mercer Capital Advisers Inc. boosted its position in shares of Liberty Global PLC by 5.0% during the second quarter. Mercer Capital Advisers Inc. now owns 12,665 shares of the company’s stock worth $407,000 after buying an additional 600 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Liberty Global PLC by 11.3% during the first quarter. Daiwa Securities Group Inc. now owns 6,903 shares of the company’s stock worth $248,000 after buying an additional 700 shares during the period. 22.05% of the stock is owned by hedge funds and other institutional investors.
In related news, Director John C. Malone purchased 223,186 shares of Liberty Global PLC stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $21.76 per share, for a total transaction of $4,856,527.36. Following the completion of the acquisition, the director now directly owns 761,816 shares of the company’s stock, valued at $16,577,116.16. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $32.51, for a total transaction of $2,925,900.00. Following the completion of the transaction, the director now owns 6,625,227 shares of the company’s stock, valued at approximately $215,386,129.77. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,610,000 shares of company stock valued at $37,412,081. Corporate insiders own 3.93% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ:LBTYA) traded up 1.54% during midday trading on Friday, reaching $32.92. The company’s stock had a trading volume of 3,659,259 shares. The company has a market capitalization of $33.04 billion, a P/E ratio of 36.18 and a beta of 1.66. The stock has a 50 day moving average of $33.73 and a 200-day moving average of $33.12. Liberty Global PLC has a 1-year low of $28.17 and a 1-year high of $37.69.
Several research firms have recently commented on LBTYA. Exane BNP Paribas lowered Liberty Global PLC from an “outperform” rating to an “underperform” rating in a research report on Monday, September 11th. Deutsche Bank AG began coverage on Liberty Global PLC in a research report on Wednesday, September 6th. They set a “buy” rating and a $43.00 price target for the company. Morgan Stanley lifted their target price on Liberty Global PLC from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. BidaskClub upgraded Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.00.
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Liberty Global PLC 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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