Allen Investment Management LLC grew its holdings in Liberty Global PLC (NASDAQ:LBTYA) by 90.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,868 shares of the company’s stock after purchasing an additional 81,947 shares during the period. Allen Investment Management LLC’s holdings in Liberty Global PLC were worth $5,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LBTYA. Standard Life Investments LTD bought a new position in shares of Liberty Global PLC during the 2nd quarter worth $105,000. D.A. Davidson & CO. grew its position in shares of Liberty Global PLC by 69.6% during the 2nd quarter. D.A. Davidson & CO. now owns 3,348 shares of the company’s stock worth $107,000 after buying an additional 1,374 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Liberty Global PLC by 96.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,712 shares of the company’s stock worth $150,000 after buying an additional 2,316 shares in the last quarter. Jacobi Capital Management LLC grew its position in shares of Liberty Global PLC by 1.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 5,093 shares of the company’s stock worth $162,000 after buying an additional 57 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC bought a new position in shares of Liberty Global PLC during the 3rd quarter worth $173,000. Institutional investors and hedge funds own 21.82% of the company’s stock.

Shares of Liberty Global PLC (NASDAQ:LBTYA) traded down $0.41 during trading hours on Wednesday, hitting $29.35. The stock had a trading volume of 1,449,500 shares, compared to its average volume of 2,442,188. Liberty Global PLC has a 1 year low of $28.17 and a 1 year high of $37.69. The stock has a market capitalization of $24,418.23, a PE ratio of 36.29 and a beta of 1.62. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.47 and a current ratio of 0.47.

In related news, Director David E. Rapley sold 2,985 shares of Liberty Global PLC stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 14,795 shares in the company, valued at $485,423.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Malone sold 90,000 shares of Liberty Global PLC stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $32.51, for a total value of $2,925,900.00. Following the transaction, the director now owns 6,625,227 shares of the company’s stock, valued at $215,386,129.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 272,985 shares of company stock valued at $8,734,338. Company insiders own 5.81% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Liberty Global PLC (LBTYA) Holdings Increased by Allen Investment Management LLC” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/11/15/liberty-global-plc-lbtya-holdings-increased-by-allen-investment-management-llc.html.

A number of brokerages recently weighed in on LBTYA. Morgan Stanley raised their price objective on Liberty Global PLC from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. BidaskClub raised Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised Liberty Global PLC from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine downgraded Liberty Global PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Liberty Global PLC in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.13.

About Liberty Global PLC

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.

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

Receive News & Stock Ratings for Liberty Global PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global PLC and related stocks with our FREE daily email newsletter.