Liberty Global PLC (LBTYA) Coverage Initiated at Buckingham Research
Investment analysts at Buckingham Research assumed coverage on shares of Liberty Global PLC (NASDAQ:LBTYA) in a report released on Friday. The firm set a “buy” rating and a $44.00 price target on the stock. Buckingham Research’s price target suggests a potential upside of 29.76% from the stock’s previous close.
LBTYA has been the topic of several other research reports. Deutsche Bank AG began coverage on shares of Liberty Global PLC in a report on Wednesday, September 6th. They set a “buy” rating and a $43.00 price objective on the stock. BidaskClub upgraded shares of Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Morgan Stanley upped their price objective on shares of Liberty Global PLC from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Pivotal Research cut their price objective on shares of Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, July 18th. Finally, ValuEngine downgraded shares of Liberty Global PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, six have given 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 price target of $40.23.
Shares of Liberty Global PLC (NASDAQ:LBTYA) opened at 33.91 on Friday. The stock has a market cap of $34.03 billion, a P/E ratio of 37.26 and a beta of 1.66. The stock’s 50 day moving average is $33.70 and its 200-day moving average is $33.06. Liberty Global PLC has a one year low of $28.17 and a one year high of $37.69.
In other Liberty Global PLC news, Director John C. Malone sold 90,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 4,975,876 shares in the company, valued at approximately $164,253,666.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John C. Malone acquired 139,052 shares of the stock in a transaction on Wednesday, July 5th. The stock was bought at an average price of $21.74 per share, for a total transaction of $3,022,990.48. Following the transaction, the director now owns 761,816 shares in the company, valued at approximately $16,561,879.84. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,610,000 shares of company stock worth $37,412,081 and sold 182,985 shares worth $5,994,738. 3.93% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. boosted its position in Liberty Global PLC by 160.8% in the 2nd quarter. Nomura Holdings Inc. now owns 57,581 shares of the company’s stock worth $1,849,000 after purchasing an additional 35,502 shares in the last quarter. California State Teachers Retirement System purchased a new stake in Liberty Global PLC in the 2nd quarter worth approximately $203,000. The Manufacturers Life Insurance Company boosted its position in Liberty Global PLC by 38.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 953,165 shares of the company’s stock worth $30,616,000 after purchasing an additional 264,760 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in Liberty Global PLC by 7,319.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 92,442 shares of the company’s stock worth $2,969,000 after purchasing an additional 91,196 shares in the last quarter. Finally, Glenview Capital Management LLC boosted its position in Liberty Global PLC by 0.9% in the 2nd quarter. Glenview Capital Management LLC now owns 7,853,565 shares of the company’s stock worth $252,257,000 after purchasing an additional 70,000 shares in the last quarter. Institutional investors and hedge funds own 22.04% of the company’s stock.
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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