BNP Paribas Arbitrage SA Cuts Stake in Liberty Global PLC (LBTYA)
BNP Paribas Arbitrage SA lowered its holdings in Liberty Global PLC (NASDAQ:LBTYA) by 99.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,776 shares of the company’s stock after selling 673,005 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Liberty Global PLC were worth $186,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in LBTYA. Waldron LP acquired a new stake in shares of Liberty Global PLC in the first quarter worth $209,000. First Trust Advisors LP increased its stake in shares of Liberty Global PLC by 33.9% in the first quarter. First Trust Advisors LP now owns 63,062 shares of the company’s stock worth $2,262,000 after acquiring an additional 15,983 shares during the period. US Bancorp DE increased its stake in shares of Liberty Global PLC by 9.4% in the first quarter. US Bancorp DE now owns 10,262 shares of the company’s stock worth $368,000 after acquiring an additional 882 shares during the period. Suntrust Banks Inc. acquired a new stake in shares of Liberty Global PLC in the first quarter worth $222,000. Finally, World Asset Management Inc acquired a new stake in shares of Liberty Global PLC in the first quarter worth $218,000. Hedge funds and other institutional investors own 22.04% of the company’s stock.
A number of research firms have recently weighed in on LBTYA. Exane BNP Paribas lowered shares of Liberty Global PLC from an “outperform” rating to an “underperform” rating in a research note on Monday, September 11th. Deutsche Bank AG assumed 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 objective on the stock. Morgan Stanley increased their price target on shares of Liberty Global PLC from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. BidaskClub raised shares of Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.92.
Liberty Global PLC (NASDAQ:LBTYA) opened at 34.25 on Monday. The stock has a market capitalization of $34.37 billion, a P/E 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 firm’s 50-day moving average is $33.70 and its 200 day moving average is $33.06.
In related news, Director John C. Malone bought 223,186 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were bought at an average cost of $21.76 per share, for a total transaction of $4,856,527.36. Following the transaction, the director now owns 761,816 shares of the company’s stock, valued at $16,577,116.16. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone bought 139,052 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were bought at an average price of $21.74 per share, for a total transaction of $3,022,990.48. Following the completion of the transaction, the director now directly owns 761,816 shares in the company, valued at approximately $16,561,879.84. The disclosure for this purchase can be found here. Insiders acquired a total of 1,610,000 shares of company stock worth $37,412,081 over the last three months. 5.81% of the stock is currently owned by corporate insiders.
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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