Liberty Global PLC (LBTYA) Position Cut by CQS Cayman LP
CQS Cayman LP lessened its holdings in shares of Liberty Global PLC (NASDAQ:LBTYA) by 91.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,969 shares of the company’s stock after selling 295,062 shares during the quarter. CQS Cayman LP’s holdings in Liberty Global PLC were worth $834,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Dodge & Cox raised its stake 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. BlackRock Inc. raised its stake 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 valued at $365,923,000 after purchasing an additional 9,842,167 shares during the period. Vanguard Group Inc. raised its stake in Liberty Global PLC by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,286,501 shares of the company’s stock valued at $105,563,000 after purchasing an additional 23,578 shares during the period. Rivulet Capital LLC raised its stake in Liberty Global PLC by 85.2% during the 2nd quarter. Rivulet Capital LLC now owns 2,727,400 shares of the company’s stock valued at $87,604,000 after purchasing an additional 1,255,100 shares during the period. Finally, Geode Capital Management LLC raised its stake in Liberty Global PLC by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 1,742,676 shares of the company’s stock valued at $62,483,000 after purchasing an additional 51,073 shares during the period. 22.04% of the stock is currently owned by institutional investors.
LBTYA has been the topic of several recent analyst reports. Zacks Investment Research raised Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, June 20th. BidaskClub raised Liberty Global PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Deutsche Bank AG initiated coverage on Liberty Global PLC in a research note on Wednesday, September 6th. They set a “buy” rating and a $43.00 target price on the stock. Redburn Partners raised Liberty Global PLC to a “buy” rating in a research note on Tuesday, July 11th. Finally, ValuEngine raised Liberty Global PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. 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. Liberty Global PLC currently has a consensus rating of “Buy” and an average target price of $39.92.
In related news, Director John C. Malone purchased 139,052 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was purchased at an average price of $21.74 per share, with a total value of $3,022,990.48. Following the completion of the acquisition, the director now owns 761,816 shares in the company, valued at $16,561,879.84. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John C. Malone sold 90,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $32.51, for a total value of $2,925,900.00. Following the completion of the sale, the director now directly owns 6,625,227 shares of the company’s stock, valued at approximately $215,386,129.77. The disclosure for this sale can be found here. Insiders have acquired 1,610,000 shares of company stock valued at $37,412,081 in the last three months. Insiders own 5.81% of the company’s stock.
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Liberty Global PLC (NASDAQ:LBTYA) traded down 0.55% during trading on Monday, reaching $34.06. The company’s stock had a trading volume of 1,345,432 shares. The firm has a market capitalization of $34.18 billion, a P/E ratio of 37.43 and a beta of 1.66. The stock has a 50-day moving average of $33.70 and a 200 day moving average of $33.06. Liberty Global PLC has a one year low of $28.17 and a one year high of $37.69.
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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