Teacher Retirement System of Texas Raises Stake in Liberty Global PLC (LBTYA)
Teacher Retirement System of Texas lifted its position in Liberty Global PLC (NASDAQ:LBTYA) by 141.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 376,965 shares of the company’s stock after buying an additional 221,108 shares during the quarter. Teacher Retirement System of Texas’ holdings in Liberty Global PLC were worth $12,783,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in shares of Liberty Global PLC by 69.6% during the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock worth $107,000 after purchasing an additional 1,374 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Liberty Global PLC by 96.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock valued at $150,000 after acquiring an additional 2,316 shares in the last quarter. Standard Life Investments LTD purchased a new position in shares of Liberty Global PLC during the 2nd quarter valued at about $105,000. Jacobi Capital Management LLC grew its position in shares of Liberty Global PLC by 1.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock worth $162,000 after buying an additional 57 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new position in Liberty Global PLC during the second quarter valued at $203,000. 21.82% of the stock is owned by institutional investors and hedge funds.
In related news, Director J David Wargo acquired 75,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $22.08 per share, with a total value of $1,656,000.00. Following the completion of the transaction, the director now owns 119,445 shares of the company’s stock, valued at approximately $2,637,345.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Malone sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $33.01, for a total transaction of $2,970,900.00. Following the transaction, the director now directly owns 4,975,876 shares in the company, valued at $164,253,666.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 270,000 shares of company stock worth $8,636,400. 3.93% of the stock is currently owned by insiders.
Several analysts have recently commented on LBTYA shares. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Tuesday, October 31st. Jefferies Group LLC set a $42.00 price objective on Liberty Global PLC and gave the company a “buy” rating in a report on Monday, October 30th. Barclays PLC raised their target price on Liberty Global PLC from $40.00 to $43.50 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Liberty Global PLC in a research note on Monday, October 2nd. Finally, Buckingham Research assumed coverage on Liberty Global PLC in a research note on Friday, September 29th. They set a “buy” rating and a $44.00 price objective for the company. One equities 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 stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.13.
Liberty Global PLC (NASDAQ:LBTYA) traded down $0.24 during trading on Friday, hitting $29.83. 1,389,400 shares of the stock traded hands, compared to its average volume of 2,431,251. The stock has a market capitalization of $24,672.59, a P/E ratio of 36.67 and a beta of 1.62. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47. Liberty Global PLC has a 1-year low of $28.17 and a 1-year high of $37.69.
Liberty Global PLC Company 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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