First Manhattan Co. Decreases Position in Liberty Global PLC (NASDAQ:LBTYA)

First Manhattan Co. reduced its position in shares of Liberty Global PLC (NASDAQ:LBTYA) by 6.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 189,208 shares of the company’s stock after selling 14,076 shares during the quarter. First Manhattan Co. owned approximately 0.08% of Liberty Global PLC worth $6,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Dodge & Cox increased its position in Liberty Global PLC by 17.5% during the 2nd quarter. Dodge & Cox now owns 18,980,203 shares of the company’s stock valued at $609,644,000 after purchasing an additional 2,830,216 shares during the period. Glenview Capital Management LLC grew its position in shares of Liberty Global PLC by 0.9% in the 2nd quarter. Glenview Capital Management LLC now owns 7,853,565 shares of the company’s stock worth $252,257,000 after buying an additional 70,000 shares during the period. Route One Investment Company L.P. grew its position in shares of Liberty Global PLC by 9.0% in the 2nd quarter. Route One Investment Company L.P. now owns 7,347,635 shares of the company’s stock worth $236,006,000 after buying an additional 605,500 shares during the period. York Capital Management Global Advisors LLC purchased a new stake in shares of Liberty Global PLC in the 2nd quarter worth about $136,409,000. Finally, Farallon Capital Management LLC grew its position in shares of Liberty Global PLC by 34.1% in the 2nd quarter. Farallon Capital Management LLC now owns 4,220,104 shares of the company’s stock worth $135,550,000 after buying an additional 1,072,519 shares during the period. Institutional investors own 22.08% of the company’s stock.

In related news, Director John C. Malone sold 90,000 shares of Liberty Global PLC stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $33.01, for a total transaction of $2,970,900.00. Following the completion of the sale, the director now owns 4,975,876 shares of the company’s stock, valued at $164,253,666.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David E. Rapley sold 2,985 shares of Liberty Global PLC stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $32.81, for a total value of $97,937.85. Following the sale, the director now directly owns 14,795 shares of the company’s stock, valued at approximately $485,423.95. The disclosure for this sale can be found here. Insiders sold 272,985 shares of company stock worth $8,734,338 in the last quarter. 3.93% of the stock is owned by insiders.

LBTYA has been the topic of a number of analyst reports. Deutsche Bank AG initiated coverage on shares of Liberty Global PLC in a research note on Wednesday, September 6th. They issued a “buy” rating and a $43.00 price target on the stock. Barclays PLC upped their target price on shares of Liberty Global PLC from $40.00 to $43.50 and gave the company an “overweight” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of Liberty Global PLC from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Tuesday, October 31st. Exane BNP Paribas cut shares of Liberty Global PLC from an “outperform” rating to an “underperform” rating in a research note on Monday, September 11th. Finally, Macquarie lowered shares of Liberty Global PLC from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $40.13.

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Liberty Global PLC (NASDAQ LBTYA) opened at $29.72 on Friday. Liberty Global PLC has a 52 week low of $28.17 and a 52 week high of $37.69. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $24,632.77, a PE ratio of 36.10 and a beta of 1.62.

About Liberty Global PLC

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.

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

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