BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of Liberty Global PLC Class A (NASDAQ:LBTYA) by 21.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,000 shares of the company’s stock after selling 22,641 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Liberty Global PLC Class A were worth $2,313,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LBTYA. BlackRock Inc. lifted its holdings in Liberty Global PLC Class A by 24.8% in the first quarter. BlackRock Inc. now owns 11,329,380 shares of the company’s stock valued at $354,722,000 after acquiring an additional 2,250,934 shares during the period. Farallon Capital Management LLC raised its stake in shares of Liberty Global PLC Class A by 44.1% in the first quarter. Farallon Capital Management LLC now owns 4,713,926 shares of the company’s stock worth $147,593,000 after buying an additional 1,443,746 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Liberty Global PLC Class A by 38.3% in the second quarter. Canada Pension Plan Investment Board now owns 837,427 shares of the company’s stock worth $23,063,000 after buying an additional 231,962 shares during the period. Point72 Europe London LLP bought a new position in shares of Liberty Global PLC Class A in the first quarter worth about $4,383,000. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Liberty Global PLC Class A by 37.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 515,191 shares of the company’s stock worth $14,188,000 after buying an additional 139,156 shares during the period. 21.92% of the stock is currently owned by institutional investors.

LBTYA has been the topic of several recent research reports. Berenberg Bank initiated coverage on Liberty Global PLC Class A in a research note on Wednesday, June 13th. They issued a “sell” rating on the stock. BidaskClub downgraded Liberty Global PLC Class A from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. initiated coverage on Liberty Global PLC Class A in a research note on Tuesday, July 10th. They issued a “sell” rating on the stock. Barclays reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Liberty Global PLC Class A in a research note on Sunday, May 13th. Finally, Macquarie cut Liberty Global PLC Class A from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Liberty Global PLC Class A currently has an average rating of “Hold” and an average price target of $38.95.

NASDAQ:LBTYA opened at $26.64 on Friday. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.36 and a quick ratio of 0.36. Liberty Global PLC Class A has a 12-month low of $25.86 and a 12-month high of $39.73. The stock has a market cap of $20.25 billion, a P/E ratio of -11.63 and a beta of 1.55.

Liberty Global PLC Class A (NASDAQ:LBTYA) last released its earnings results on Wednesday, August 8th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.68. Liberty Global PLC Class A had a negative return on equity of 27.88% and a negative net margin of 11.46%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $4.06 billion. research analysts anticipate that Liberty Global PLC Class A will post -0.21 EPS for the current year.

Liberty Global PLC Class A Profile

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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Institutional Ownership by Quarter for Liberty Global PLC Class A (NASDAQ:LBTYA)

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