Marshall Wace LLP Has $5.34 Million Stake in Liberty Global PLC (LBTYA)
Marshall Wace LLP raised its stake in Liberty Global PLC (NASDAQ:LBTYA) by 234.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,893 shares of the company’s stock after buying an additional 116,975 shares during the period. Marshall Wace LLP’s holdings in Liberty Global PLC were worth $5,341,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Searle & CO. purchased a new stake in Liberty Global PLC during the first quarter worth $620,000. Ameritas Investment Partners Inc. purchased a new stake in Liberty Global PLC during the first quarter worth $163,000. Simplex Trading LLC purchased a new stake in Liberty Global PLC during the second quarter worth $164,000. Everett Harris & Co. CA purchased a new stake in Liberty Global PLC during the first quarter worth $201,000. Finally, Waldron LP purchased a new stake in Liberty Global PLC during the first quarter worth $209,000. Institutional investors and hedge funds own 22.53% of the company’s stock.
Shares of Liberty Global PLC (LBTYA) opened at 33.40 on Monday. The stock’s 50 day moving average price is $33.17 and its 200-day moving average price is $33.50. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69. The firm has a market cap of $33.52 billion, a P/E ratio of 36.70 and a beta of 1.67.
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A number of equities research analysts have weighed in on LBTYA shares. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Tuesday, June 20th. Macquarie restated a “buy” rating and issued a $40.00 target price on shares of Liberty Global PLC in a research report on Monday, May 8th. Morgan Stanley upped their target price on Liberty Global PLC from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 target price on shares of Liberty Global PLC in a research report on Friday, May 5th. Finally, BidaskClub downgraded Liberty Global PLC from a “sell” rating to a “strong sell” rating in a research report 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 currently has a consensus rating of “Buy” and a consensus price target of $39.85.
In related news, Director John C. Malone acquired 242,778 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were acquired at an average cost of $24.83 per share, for a total transaction of $6,028,177.74. Following the completion of the acquisition, the director now directly owns 927,830 shares in the company, valued at approximately $23,038,018.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David E. Rapley sold 2,985 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $32.81, for a total transaction of $97,937.85. Following the sale, the director now owns 14,795 shares in the company, valued at $485,423.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,610,000 shares of company stock worth $37,412,081. 5.81% of the stock is currently owned by company 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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