Rivulet Capital LLC Boosts Holdings in Liberty Global PLC (LBTYA)
Rivulet Capital LLC boosted its holdings in shares of Liberty Global PLC (NASDAQ:LBTYA) by 85.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,727,400 shares of the company’s stock after purchasing an additional 1,255,100 shares during the quarter. Liberty Global PLC makes up approximately 14.3% of Rivulet Capital LLC’s holdings, making the stock its 2nd largest holding. Rivulet Capital LLC owned about 0.26% of Liberty Global PLC worth $87,604,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of LBTYA. BlackRock Inc. increased its holdings in Liberty Global PLC by 2,739.9% during the 1st quarter. BlackRock Inc. now owns 10,201,377 shares of the company’s stock worth $365,923,000 after purchasing an additional 9,842,167 shares during the last quarter. Dodge & Cox increased its holdings in Liberty Global PLC by 17.5% during the 2nd quarter. Dodge & Cox now owns 18,980,203 shares of the company’s stock worth $609,644,000 after purchasing an additional 2,830,216 shares during the last quarter. BT Investment Management Ltd purchased a new stake in Liberty Global PLC during the 2nd quarter worth approximately $24,015,000. UBS Asset Management Americas Inc. increased its holdings in Liberty Global PLC by 105.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,279,209 shares of the company’s stock worth $41,088,000 after purchasing an additional 656,221 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Liberty Global PLC by 167.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 709,414 shares of the company’s stock worth $22,786,000 after purchasing an additional 443,835 shares during the last quarter. Institutional investors own 22.04% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ LBTYA) traded up 1.72% on Friday, reaching $34.25. The company had a trading volume of 1,613,686 shares. The firm has a market capitalization of $34.37 billion, a PE ratio of 37.64 and a beta of 1.66. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69. The company’s 50-day moving average is $33.70 and its 200 day moving average is $33.06.
Several equities research analysts have issued reports on LBTYA shares. BidaskClub downgraded Liberty Global PLC from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Royal Bank Of Canada set a $40.00 price target on Liberty Global PLC and gave the company a “buy” rating in a report on Monday, June 12th. UBS AG began coverage on Liberty Global PLC in a report on Friday, June 16th. They issued a “neutral” rating and a $31.00 price target for the company. Jefferies Group LLC set a $43.00 price target on Liberty Global PLC and gave the company a “buy” rating in a report on Saturday, June 17th. Finally, Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Liberty Global PLC has a consensus rating of “Buy” and an average target price of $39.92.
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In other Liberty Global PLC news, Director John C. Malone purchased 223,186 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average cost of $21.76 per share, with a total value of $4,856,527.36. Following the acquisition, the director now directly owns 761,816 shares of the company’s stock, valued at approximately $16,577,116.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John C. Malone purchased 384,673 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of $21.80 per share, with a total value of $8,385,871.40. Following the completion of the acquisition, the director now directly owns 761,816 shares in the company, valued at $16,607,588.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,610,000 shares of company stock valued at $37,412,081 over the last ninety days. Insiders own 3.93% of the company’s stock.
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.
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