Alken Asset Management Ltd. purchased a new stake in Liberty Global PLC (NASDAQ:LILA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,141,423 shares of the company’s stock, valued at approximately $36,663,000. Liberty Global PLC makes up about 45.1% of Alken Asset Management Ltd.’s portfolio, making the stock its 2nd largest position. Alken Asset Management Ltd. owned about 0.66% of Liberty Global PLC as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of LILA. Legal & General Group Plc raised its holdings in Liberty Global PLC by 60.0% in the 2nd quarter. Legal & General Group Plc now owns 9,598 shares of the company’s stock valued at $209,000 after acquiring an additional 3,598 shares in the last quarter. Wayne Hummer Investments L.L.C. bought a new stake in shares of Liberty Global PLC in the 1st quarter valued at approximately $218,000. Roundview Capital LLC bought a new stake in shares of Liberty Global PLC in the 1st quarter valued at approximately $267,000. Rafferty Asset Management LLC grew its stake in shares of Liberty Global PLC by 11.0% in the 1st quarter. Rafferty Asset Management LLC now owns 12,669 shares of the company’s stock valued at $282,000 after purchasing an additional 1,258 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Liberty Global PLC by 22.1% in the 2nd quarter. ProShare Advisors LLC now owns 14,406 shares of the company’s stock valued at $314,000 after purchasing an additional 2,604 shares during the period. 21.44% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the company. Barclays PLC upped their price objective on Liberty Global PLC from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, September 1st. Morgan Stanley lowered Liberty Global PLC from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $22.00 to $26.00 in a research note on Thursday, August 10th. Royal Bank Of Canada lowered Liberty Global PLC from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $30.00 to $28.50 in a research note on Monday, July 24th. Zacks Investment Research upgraded Liberty Global PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded Liberty Global PLC from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $30.36.
Liberty Global PLC (NASDAQ LILA) traded down 1.92% during midday trading on Friday, hitting $24.97. The stock had a trading volume of 695,723 shares. The company’s 50 day moving average is $25.42 and its 200 day moving average is $24.76. Liberty Global PLC has a 1-year low of $19.10 and a 1-year high of $29.31. The company’s market cap is $4.28 billion.
Liberty Global PLC Company Profile
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.
Want to see what other hedge funds are holding LILA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.