Liberty Global PLC (LBTYA) Shares Sold by Parallax Volatility Advisers L.P.
Parallax Volatility Advisers L.P. decreased its holdings in shares of Liberty Global PLC (NASDAQ:LBTYA) by 93.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,111 shares of the company’s stock after selling 89,903 shares during the period. Parallax Volatility Advisers L.P.’s holdings in Liberty Global PLC were worth $196,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in LBTYA. Standard Life Investments LTD bought a new position in Liberty Global PLC in the second quarter worth approximately $105,000. D.A. Davidson & CO. boosted its holdings in Liberty Global PLC by 69.6% in the second quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock worth $107,000 after acquiring an additional 1,374 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in Liberty Global PLC by 96.7% in the second quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock worth $150,000 after acquiring an additional 2,316 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in Liberty Global PLC by 1.1% in the second quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock worth $162,000 after acquiring an additional 57 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in Liberty Global PLC in the first quarter worth approximately $163,000. Institutional investors own 22.04% of the company’s stock.
Several research analysts have issued reports on LBTYA shares. BidaskClub lowered Liberty Global PLC from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Royal Bank Of Canada set a $40.00 price target on Liberty Global PLC and gave the stock a “buy” rating in a report on Monday, June 12th. UBS AG started coverage on Liberty Global PLC in a report on Friday, June 16th. They issued a “neutral” rating and a $31.00 price target on the stock. Jefferies Group LLC set a $43.00 price target on Liberty Global PLC and gave the stock a “buy” rating in a report on Saturday, June 17th. Finally, Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.92.
In related news, Director David E. Rapley sold 2,985 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $32.81, for a total value of $97,937.85. Following the transaction, the director now directly owns 14,795 shares of the company’s stock, valued at approximately $485,423.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Malone sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $33.01, for a total value of $2,970,900.00. Following the completion of the transaction, the director now directly owns 4,975,876 shares in the company, valued at $164,253,666.76. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,610,000 shares of company stock worth $37,412,081 and sold 182,985 shares worth $5,994,738. Insiders own 3.93% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ:LBTYA) traded down 1.67% during mid-day trading on Thursday, hitting $33.47. The stock had a trading volume of 1,276,917 shares. Liberty Global PLC has a 52-week low of $28.17 and a 52-week high of $37.69. The firm has a market cap of $33.59 billion, a PE ratio of 36.78 and a beta of 1.66. The stock’s 50-day moving average price is $33.70 and its 200-day moving average price is $33.06.
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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