Allen Investment Management LLC Boosts Stake in Liberty Global PLC (LBTYA)
Allen Investment Management LLC boosted its position in Liberty Global PLC (NASDAQ:LBTYA) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,921 shares of the company’s stock after buying an additional 11,561 shares during the period. Allen Investment Management LLC’s holdings in Liberty Global PLC were worth $2,920,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. MAI Capital Management raised its stake in shares of Liberty Global PLC by 0.7% in the first quarter. MAI Capital Management now owns 9,255 shares of the company’s stock worth $332,000 after buying an additional 60 shares during the last quarter. High Pointe Capital Management LLC raised its stake in shares of Liberty Global PLC by 5.7% in the second quarter. High Pointe Capital Management LLC now owns 6,670 shares of the company’s stock worth $214,000 after buying an additional 360 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Liberty Global PLC by 6.2% in the second quarter. Janney Montgomery Scott LLC now owns 8,363 shares of the company’s stock worth $269,000 after buying an additional 488 shares during the last quarter. Searle & CO. purchased a new stake in shares of Liberty Global PLC during the first quarter worth approximately $620,000. Finally, Mercer Capital Advisers Inc. raised its stake in shares of Liberty Global PLC by 5.0% in the second quarter. Mercer Capital Advisers Inc. now owns 12,665 shares of the company’s stock worth $407,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 22.04% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ LBTYA) opened at 33.78 on Tuesday. The company has a market cap of $33.90 billion, a PE ratio of 37.12 and a beta of 1.67. The stock’s 50 day moving average price is $33.41 and its 200-day moving average price is $33.41. Liberty Global PLC has a 52 week low of $28.17 and a 52 week high of $37.69.
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Several equities analysts have recently issued reports on the company. Jefferies Group LLC set a $43.00 target price on Liberty Global PLC and gave the stock a “buy” rating in a research report on Saturday, June 17th. UBS AG initiated coverage on Liberty Global PLC in a research report on Friday, June 16th. They issued a “neutral” rating and a $31.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 price objective on shares of Liberty Global PLC in a research report on Monday, May 15th. BidaskClub upgraded Liberty Global PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, ValuEngine lowered Liberty Global PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $39.85.
In other Liberty Global PLC news, Director John C. Malone bought 223,186 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were acquired at an average cost of $21.76 per share, for a total transaction of $4,856,527.36. Following the purchase, the director now owns 761,816 shares in the company, valued at approximately $16,577,116.16. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David E. Rapley sold 2,985 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $32.81, for a total value of $97,937.85. Following the sale, the director now owns 14,795 shares in the company, valued at $485,423.95. The disclosure for this sale can be found here. Insiders purchased a total of 1,610,000 shares of company stock worth $37,412,081 in the last 90 days. 5.81% of the stock is currently owned by company insiders.
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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