Russell Investments Group Ltd. Boosts Position in Liberty Global PLC (LILAK)
Russell Investments Group Ltd. increased its stake in Liberty Global PLC (NASDAQ:LILAK) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 243,282 shares of the company’s stock after purchasing an additional 4,853 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Liberty Global worth $5,669,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of LILAK. Bronfman E.L. Rothschild L.P. raised its holdings in Liberty Global by 63.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 7,301 shares of the company’s stock valued at $156,000 after acquiring an additional 2,841 shares during the period. Cibc World Markets Corp bought a new stake in Liberty Global during the 2nd quarter valued at $192,000. Quantbot Technologies LP bought a new stake in Liberty Global during the 2nd quarter valued at $202,000. Teacher Retirement System of Texas bought a new stake in Liberty Global during the 2nd quarter valued at $208,000. Finally, K2 Principal Fund L.P. bought a new stake in Liberty Global during the 2nd quarter valued at $214,000. 54.59% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on LILAK shares. started coverage on shares of Liberty Global in a report on Monday, October 9th. They set a “reduce” rating on the stock. Macquarie cut shares of Liberty Global from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 27th. ValuEngine raised shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. HSBC raised shares of Liberty Global to a “hold” rating and set a $23.00 target price on the stock in a report on Monday, November 13th. Finally, BidaskClub cut shares of Liberty Global from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Liberty Global presently has a consensus rating of “Hold” and an average price target of $23.00.
Liberty Global PLC (NASDAQ LILAK) opened at $21.26 on Tuesday. Liberty Global PLC has a 1 year low of $19.58 and a 1 year high of $27.82.
Liberty Global Company Profile
LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.
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