Liberty Global PLC (LBTYA) Stake Lowered by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lessened its holdings in Liberty Global PLC (NASDAQ:LBTYA) by 15.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,490 shares of the company’s stock after selling 7,622 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Liberty Global PLC were worth $1,373,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of LBTYA. Prudential Financial Inc. acquired a new stake in shares of Liberty Global PLC in the first quarter worth $288,000. Xact Kapitalforvaltning AB boosted its position in shares of Liberty Global PLC by 3.3% in the second quarter. Xact Kapitalforvaltning AB now owns 36,196 shares of the company’s stock worth $1,163,000 after buying an additional 1,154 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Liberty Global PLC by 502.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 39,167 shares of the company’s stock worth $1,258,000 after buying an additional 32,666 shares during the period. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Liberty Global PLC in the second quarter worth $1,489,000. Finally, Exane Asset Management acquired a new stake in shares of Liberty Global PLC in the second quarter worth $1,830,000. 22.08% of the stock is owned by institutional investors and hedge funds.
In other news, Director John C. Malone sold 90,000 shares of Liberty Global PLC 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 transaction, the director now directly owns 4,975,876 shares in the company, valued at $164,253,666.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David E. Rapley sold 2,985 shares of Liberty Global PLC 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 in the company, valued at $485,423.95. The disclosure for this sale can be found here. Insiders sold 272,985 shares of company stock valued at $8,734,338 in the last ninety days. Insiders own 3.93% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ LBTYA) opened at $29.72 on Friday. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69. The firm has a market capitalization of $24,732.63, a PE ratio of 36.24 and a beta of 1.62. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.47 and a quick ratio of 0.47.
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LBTYA has been the subject of several recent analyst reports. Deutsche Bank AG assumed coverage on Liberty Global PLC in a research report on Wednesday, September 6th. They issued a “buy” rating and a $43.00 target price for the company. Zacks Investment Research cut Liberty Global PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Exane BNP Paribas cut Liberty Global PLC from an “outperform” rating to an “underperform” rating in a research report on Monday, September 11th. Pivotal Research reduced their price objective on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, July 18th. Finally, Barclays PLC lifted their price objective on Liberty Global PLC from $40.00 to $43.50 and gave the company an “overweight” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.13.
Liberty Global PLC 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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