Liberty Global PLC (LBTYA) Stake Decreased by East Coast Asset Management LLC.
East Coast Asset Management LLC. reduced its position in shares of Liberty Global PLC (NASDAQ:LBTYA) by 18.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,082 shares of the company’s stock after selling 7,219 shares during the quarter. East Coast Asset Management LLC.’s holdings in Liberty Global were worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of LBTYA. KBC Group NV increased its stake in shares of Liberty Global by 92.0% in the 3rd quarter. KBC Group NV now owns 226,901 shares of the company’s stock valued at $7,694,000 after purchasing an additional 108,716 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Liberty Global by 32.6% in the 3rd quarter. Brown Advisory Inc. now owns 15,979 shares of the company’s stock valued at $542,000 after purchasing an additional 3,932 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Liberty Global by 3.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 513,114 shares of the company’s stock valued at $17,400,000 after purchasing an additional 15,299 shares during the last quarter. Hosking Partners LLP lifted its holdings in shares of Liberty Global by 0.4% during the 3rd quarter. Hosking Partners LLP now owns 1,229,285 shares of the company’s stock valued at $41,685,000 after acquiring an additional 4,911 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in shares of Liberty Global during the 3rd quarter valued at $8,971,000. 22.02% of the stock is owned by hedge funds and other institutional investors.
In other news, Director J David Wargo acquired 75,000 shares of Liberty Global stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $22.08 per share, for a total transaction of $1,656,000.00. Following the acquisition, the director now directly owns 119,445 shares of the company’s stock, valued at approximately $2,637,345.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Malone sold 90,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $33.01, for a total value of $2,970,900.00. Following the completion of the transaction, the director now directly owns 4,975,876 shares of the company’s stock, valued at approximately $164,253,666.76. The disclosure for this sale can be found here. Company insiders own 5.81% of the company’s stock.
Liberty Global PLC (LBTYA) opened at $31.76 on Friday. Liberty Global PLC has a fifty-two week low of $28.17 and a fifty-two week high of $37.69. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.64. The firm has a market cap of $24,713.61, a price-to-earnings ratio of 36.73 and a beta of 1.62.
Several equities analysts recently weighed in on LBTYA shares. Deutsche Bank assumed coverage on shares of Liberty Global in a report on Wednesday, September 6th. They set a “buy” rating and a $43.00 target price on the stock. Barclays upped their price target on shares of Liberty Global from $40.00 to $43.50 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Zacks Investment Research raised shares of Liberty Global from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, October 31st. Exane BNP Paribas lowered shares of Liberty Global from an “outperform” rating to an “underperform” rating in a report on Monday, September 11th. Finally, Macquarie cut shares of Liberty Global from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 27th. One 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 presently has an average rating of “Buy” and a consensus price target of $39.88.
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Liberty Global 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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