Sumitomo Mitsui Asset Management Company LTD cut its stake in Liberty Global PLC (NASDAQ:LBTYA) by 15.1% during the second quarter, Holdings Channel reports. The institutional investor owned 16,583 shares of the company’s stock after selling 2,939 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Liberty Global PLC were worth $532,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LBTYA. Leucadia National Corp acquired a new position in Liberty Global PLC during the first quarter valued at about $3,012,000. Artisan Partners Limited Partnership boosted its position in Liberty Global PLC by 0.7% in the first quarter. Artisan Partners Limited Partnership now owns 10,900,902 shares of the company’s stock valued at $391,015,000 after buying an additional 76,709 shares during the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new position in Liberty Global PLC during the second quarter valued at about $1,754,000. Credit Suisse AG boosted its position in Liberty Global PLC by 41.3% in the first quarter. Credit Suisse AG now owns 493,598 shares of the company’s stock valued at $17,705,000 after buying an additional 144,149 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in Liberty Global PLC by 66.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 52,450 shares of the company’s stock valued at $1,881,000 after buying an additional 20,993 shares during the last quarter. 22.80% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global PLC (LBTYA) opened at 34.26 on Thursday. The company’s 50-day moving average price is $32.42 and its 200 day moving average price is $33.57. The company has a market cap of $35.27 billion, a PE ratio of 20.60 and a beta of 1.67. Liberty Global PLC has a 52 week low of $28.17 and a 52 week high of $37.69.

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Several research analysts have recently issued reports on LBTYA shares. Zacks Investment Research raised Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, June 20th. Macquarie reissued a “buy” rating and issued a $40.00 price target on shares of Liberty Global PLC in a research note on Monday, May 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $42.00 price target on shares of Liberty Global PLC in a research note on Friday, May 5th. Morgan Stanley increased their price target on Liberty Global PLC from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, BidaskClub cut Liberty Global PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Liberty Global PLC has an average rating of “Buy” and a consensus price target of $39.85.

In other Liberty Global PLC news, Director John C. Malone bought 242,778 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was purchased at an average cost of $24.83 per share, with a total value of $6,028,177.74. Following the completion of the purchase, the director now owns 927,830 shares in the company, valued at $23,038,018.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John C. Malone bought 100,719 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was acquired at an average cost of $24.54 per share, with a total value of $2,471,644.26. Following the completion of the purchase, the director now owns 927,830 shares of the company’s stock, valued at approximately $22,768,948.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,610,000 shares of company stock valued at $37,412,081. 3.93% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Liberty Global PLC (NASDAQ:LBTYA)

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