Harbor Advisors LLC Has $323,000 Stake in Liberty Global PLC (LBTYA)
Harbor Advisors LLC held its position in Liberty Global PLC (NASDAQ:LBTYA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,044 shares of the company’s stock at the close of the second quarter. Harbor Advisors LLC’s holdings in Liberty Global PLC were worth $323,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Waldron LP bought a new stake in shares of Liberty Global PLC during the 1st quarter valued at approximately $209,000. First Trust Advisors LP increased its position in Liberty Global PLC by 33.9% during the 1st quarter. First Trust Advisors LP now owns 63,062 shares of the company’s stock worth $2,262,000 after purchasing an additional 15,983 shares in the last quarter. US Bancorp DE increased its position in Liberty Global PLC by 9.4% during the 1st quarter. US Bancorp DE now owns 10,262 shares of the company’s stock worth $368,000 after purchasing an additional 882 shares in the last quarter. Suntrust Banks Inc. bought a new position in Liberty Global PLC in the 1st quarter valued at approximately $222,000. Finally, World Asset Management Inc bought a new position in Liberty Global PLC in the 1st quarter valued at approximately $218,000. 22.04% of the stock is owned by institutional investors.
In other Liberty Global PLC news, Director David E. Rapley sold 2,985 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $32.81, for a total value of $97,937.85. Following the completion of the transaction, the director now owns 14,795 shares of the company’s stock, valued at approximately $485,423.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Malone sold 90,000 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was 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. In the last ninety days, insiders bought 1,470,948 shares of company stock valued at $34,389,090 and sold 182,985 shares valued at $5,994,738. 5.81% of the stock is owned by insiders.
A number of analysts have weighed in on the stock. Royal Bank Of Canada set a $40.00 target price on shares of Liberty Global PLC and gave the company a “buy” rating in a research report on Monday, June 12th. BidaskClub upgraded shares of Liberty Global PLC from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Macquarie reiterated a “buy” rating and set a $36.00 price target (down from $40.00) on shares of Liberty Global PLC in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, June 20th. Finally, Jefferies Group LLC set a $43.00 price target on Liberty Global PLC and gave the company a “buy” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Liberty Global PLC currently has a consensus rating of “Buy” and an average target price of $40.23.
Liberty Global PLC (LBTYA) traded down 1.36% during trading on Wednesday, hitting $32.76. 445,495 shares of the stock were exchanged. The stock has a 50 day moving average of $33.56 and a 200-day moving average of $32.90. The stock has a market cap of $32.88 billion, a P/E ratio of 36.00 and a beta of 1.63. Liberty Global PLC has a 52 week low of $28.17 and a 52 week high of $37.69.
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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