BT Investment Management Ltd Acquires Shares of 747,676 Liberty Global PLC (LBTYA)
BT Investment Management Ltd acquired a new position in shares of Liberty Global PLC (NASDAQ:LBTYA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 747,676 shares of the company’s stock, valued at approximately $24,015,000. BT Investment Management Ltd owned 0.07% of Liberty Global PLC at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Leucadia National Corp bought a new position in Liberty Global PLC during the 1st quarter worth $3,012,000. Artisan Partners Limited Partnership increased its position in Liberty Global PLC by 0.7% during the 1st quarter. Artisan Partners Limited Partnership now owns 10,900,902 shares of the company’s stock worth $391,015,000 after buying an additional 76,709 shares during the period. Allen Investment Management LLC increased its position in Liberty Global PLC by 14.6% during the 2nd quarter. Allen Investment Management LLC now owns 90,921 shares of the company’s stock worth $2,920,000 after buying an additional 11,561 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in Liberty Global PLC during the 2nd quarter worth $1,754,000. Finally, Legal & General Group Plc increased its position in Liberty Global PLC by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 1,097,107 shares of the company’s stock worth $35,238,000 after buying an additional 15,011 shares during the period. Hedge funds and other institutional investors own 22.05% of the company’s stock.
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In other Liberty Global PLC news, Director John C. Malone bought 139,052 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were acquired at an average cost of $21.74 per share, for a total transaction of $3,022,990.48. Following the purchase, the director now directly owns 761,816 shares of the company’s stock, valued at $16,561,879.84. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone bought 384,673 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was acquired at an average price of $21.80 per share, for a total transaction of $8,385,871.40. Following the completion of the purchase, the director now directly owns 761,816 shares in the company, valued at $16,607,588.80. The disclosure for this purchase can be found here. Insiders acquired a total of 1,610,000 shares of company stock worth $37,412,081 over the last 90 days. Corporate insiders own 3.93% of the company’s stock.
Liberty Global PLC (LBTYA) traded up 1.54% during mid-day trading on Friday, reaching $32.92. The company had a trading volume of 3,659,259 shares. The stock has a 50 day moving average price of $33.73 and a 200-day moving average price of $33.12. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69. The stock has a market capitalization of $33.04 billion, a P/E ratio of 36.18 and a beta of 1.66.
Several research firms have recently issued reports on LBTYA. Exane BNP Paribas lowered Liberty Global PLC from an “outperform” rating to an “underperform” rating in a report on Monday, September 11th. Deutsche Bank AG began coverage on Liberty Global PLC in a report on Wednesday, September 6th. They set a “buy” rating and a $43.00 target price on the stock. Morgan Stanley increased their target price on Liberty Global PLC from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. BidaskClub raised Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.00.
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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