Macquarie Group Ltd. Buys 87,027 Shares of Liberty Global PLC (LBTYA)
Macquarie Group Ltd. raised its stake in shares of Liberty Global PLC (NASDAQ:LBTYA) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 966,670 shares of the company’s stock after purchasing an additional 87,027 shares during the quarter. Macquarie Group Ltd. owned 0.43% of Liberty Global PLC worth $31,049,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBTYA. Standard Life Investments LTD acquired a new stake in Liberty Global PLC during the second quarter valued at approximately $105,000. D.A. Davidson & CO. boosted its holdings in Liberty Global PLC by 69.6% during the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock valued at $107,000 after purchasing an additional 1,374 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in Liberty Global PLC by 96.7% during the second quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock valued at $150,000 after purchasing an additional 2,316 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in Liberty Global PLC by 1.1% during the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock valued at $162,000 after purchasing an additional 57 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in Liberty Global PLC during the first quarter valued at approximately $163,000. 22.04% of the stock is currently owned by institutional investors.
LBTYA has been the topic of a number of recent research reports. Royal Bank Of Canada set a $40.00 price objective on Liberty Global PLC and gave the company a “buy” rating in a report on Monday, June 12th. UBS AG initiated coverage on Liberty Global PLC in a report on Friday, June 16th. They set a “neutral” rating and a $31.00 price objective on the stock. Jefferies Group LLC set a $43.00 target price on Liberty Global PLC and gave the stock a “buy” rating in a report on Saturday, June 17th. Macquarie reissued a “buy” rating and issued a $36.00 target price (down from $40.00) on shares of Liberty Global PLC in a report on Wednesday, June 21st. Finally, BidaskClub raised Liberty Global PLC from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.83.
In other Liberty Global PLC news, Director John C. Malone sold 90,000 shares of the firm’s 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 sale, the director now owns 6,625,227 shares in the company, valued at $215,386,129.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone bought 242,778 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was bought at an average price of $24.83 per share, for a total transaction of $6,028,177.74. Following the transaction, the director now directly owns 927,830 shares of the company’s stock, valued at $23,038,018.90. The disclosure for this purchase can be found here. Insiders sold 182,985 shares of company stock worth $5,994,738 in the last 90 days. Company insiders own 5.81% of the company’s stock.
Liberty Global PLC (NASDAQ:LBTYA) opened at 32.37 on Tuesday. Liberty Global PLC has a 52-week low of $28.17 and a 52-week high of $37.69. The company has a market cap of $32.49 billion, a PE ratio of 35.57 and a beta of 1.63. The company has a 50-day moving average of $33.41 and a 200 day moving average of $32.81.
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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