Liberty Global PLC (NASDAQ:LILA) Position Boosted by Vivaldi Asset Management LLC

Vivaldi Asset Management LLC boosted its holdings in Liberty Global PLC (NASDAQ:LILA) by 589.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 564,167 shares of the company’s stock after buying an additional 482,281 shares during the quarter. Liberty Global PLC makes up approximately 1.4% of Vivaldi Asset Management LLC’s investment portfolio, making the stock its 15th largest position. Vivaldi Asset Management LLC owned 0.33% of Liberty Global PLC worth $12,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Genesis Asset Managers LLP raised its holdings in Liberty Global PLC by 11.1% in the 2nd quarter. Genesis Asset Managers LLP now owns 8,270,705 shares of the company’s stock valued at $180,053,000 after buying an additional 823,813 shares during the last quarter. Cove Street Capital LLC increased its position in Liberty Global PLC by 6.8% during the 1st quarter. Cove Street Capital LLC now owns 2,034,533 shares of the company’s stock valued at $45,248,000 after purchasing an additional 129,100 shares during the period. Vanguard Group Inc. increased its position in Liberty Global PLC by 18.5% during the 1st quarter. Vanguard Group Inc. now owns 918,968 shares of the company’s stock valued at $20,437,000 after purchasing an additional 143,182 shares during the period. OppenheimerFunds Inc. increased its position in Liberty Global PLC by 62.4% during the 1st quarter. OppenheimerFunds Inc. now owns 878,410 shares of the company’s stock valued at $19,536,000 after purchasing an additional 337,650 shares during the period. Finally, S&CO Inc. increased its position in Liberty Global PLC by 19.8% during the 2nd quarter. S&CO Inc. now owns 562,498 shares of the company’s stock valued at $12,246,000 after purchasing an additional 93,050 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

LILA has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Liberty Global PLC from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. ValuEngine raised shares of Liberty Global PLC from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Royal Bank Of Canada downgraded shares of Liberty Global PLC from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $30.00 to $28.50 in a research report on Monday, July 24th. Morgan Stanley downgraded shares of Liberty Global PLC from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $22.00 to $26.00 in a research report on Thursday, August 10th. Finally, Barclays PLC increased their target price on shares of Liberty Global PLC from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Liberty Global PLC has a consensus rating of “Hold” and an average price target of $30.36.

Shares of Liberty Global PLC (LILA) opened at 24.43 on Tuesday. Liberty Global PLC has a 12 month low of $19.10 and a 12 month high of $29.31. The firm’s market cap is $4.19 billion. The stock’s 50 day moving average is $25.26 and its 200 day moving average is $25.00.

ILLEGAL ACTIVITY NOTICE: This article was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://stocknewstimes.com/2017/09/19/liberty-global-plc-lila-stake-raised-by-vivaldi-asset-management-llc.html.

About Liberty Global PLC

LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.

Institutional Ownership by Quarter for Liberty Global PLC (NASDAQ:LILA)

Receive News & Ratings for Liberty Global PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply