State of Wisconsin Investment Board lessened its stake in Liberty Global PLC (NASDAQ:LBTYA) by 34.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 519,156 shares of the company’s stock after selling 275,722 shares during the quarter. State of Wisconsin Investment Board owned 0.05% of Liberty Global PLC worth $17,605,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LBTYA. Prudential Financial Inc. purchased a new stake in Liberty Global PLC during the 1st quarter worth approximately $288,000. Xact Kapitalforvaltning AB grew its position in shares of Liberty Global PLC by 3.3% in the second quarter. Xact Kapitalforvaltning AB now owns 36,196 shares of the company’s stock valued at $1,163,000 after purchasing an additional 1,154 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of Liberty Global PLC by 502.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 39,167 shares of the company’s stock valued at $1,258,000 after purchasing an additional 32,666 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Liberty Global PLC in the second quarter valued at approximately $1,489,000. Finally, Exane Asset Management acquired a new position in Liberty Global PLC in the second quarter valued at approximately $1,830,000. 21.82% of the stock is owned by institutional investors.
Liberty Global PLC (NASDAQ:LBTYA) opened at $29.72 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.64. Liberty Global PLC has a twelve month low of $28.17 and a twelve month high of $37.69. The stock has a market capitalization of $24,385.41, a PE ratio of 36.24 and a beta of 1.62.
A number of research analysts recently commented on LBTYA shares. Pivotal Research decreased their price objective on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, July 18th. BidaskClub upgraded Liberty Global PLC from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Buckingham Research began coverage on Liberty Global PLC in a research note on Friday, September 29th. They set a “buy” rating and a $44.00 price target on the stock. Deutsche Bank AG began coverage on Liberty Global PLC in a research note on Wednesday, September 6th. They set a “buy” rating and a $43.00 price target on the stock. Finally, Jefferies Group LLC set a $42.00 price target on Liberty Global PLC and gave the stock a “buy” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $40.13.
In related news, Director John C. Malone sold 90,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $30.44, for a total value of $2,739,600.00. Following the completion of the sale, the director now owns 4,975,876 shares in the company, valued at $151,465,665.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David E. Rapley sold 2,985 shares of Liberty Global PLC stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $32.81, for a total transaction of $97,937.85. Following the sale, the director now owns 14,795 shares of the company’s stock, valued at $485,423.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,985 shares of company stock worth $8,734,338. Corporate insiders own 5.81% of the company’s stock.
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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