KBC Group NV lifted its position in Liberty Global plc – Class A (NASDAQ:LBTYA) by 50.9% during the 4th quarter, Holdings Channel reports. The firm owned 342,330 shares of the company’s stock after acquiring an additional 115,429 shares during the quarter. KBC Group NV’s holdings in Liberty Global plc – Class A were worth $12,269,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Americafirst Capital Management LLC bought a new stake in shares of Liberty Global plc – Class A in the third quarter worth about $108,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Liberty Global plc – Class A in the third quarter worth about $173,000. Valeo Financial Advisors LLC bought a new stake in shares of Liberty Global plc – Class A in the third quarter worth about $191,000. California State Teachers Retirement System bought a new stake in shares of Liberty Global plc – Class A in the second quarter worth about $203,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Liberty Global plc – Class A in the third quarter worth about $207,000. 22.00% of the stock is currently owned by hedge funds and other institutional investors.

In other Liberty Global plc – Class A news, Director David E. Rapley sold 6,750 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $33.82, for a total transaction of $228,285.00. Following the completion of the transaction, the director now owns 8,045 shares in the company, valued at $272,081.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Charles H. R. Bracken sold 14,525 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $21.11, for a total value of $306,622.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,911 shares of company stock valued at $3,887,646. 5.81% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on LBTYA shares. BidaskClub raised Liberty Global plc – Class A from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Pivotal Research reaffirmed a “buy” rating and issued a $44.00 target price on shares of Liberty Global plc – Class A in a report on Tuesday, December 19th. Buckingham Research lifted their price target on Liberty Global plc – Class A from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Morgan Stanley upgraded Liberty Global plc – Class A from an “equal weight” rating to an “overweight” rating and set a $38.00 price target for the company in a research report on Wednesday, January 17th. Finally, Citigroup lifted their price target on Liberty Global plc – Class A from $37.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Liberty Global plc – Class A currently has an average rating of “Buy” and a consensus price target of $40.95.

Liberty Global plc – Class A (NASDAQ LBTYA) opened at $35.38 on Wednesday. The company has a market capitalization of $29,152.54, a PE ratio of 43.15 and a beta of 1.57. Liberty Global plc – Class A has a 12-month low of $28.17 and a 12-month high of $39.73. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.47 and a quick ratio of 0.47.

Liberty Global plc – Class A declared that its Board of Directors has initiated a stock buyback plan on Monday, December 18th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “KBC Group NV Raises Stake in Liberty Global plc – Class A (LBTYA)” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2018/02/14/kbc-group-nv-raises-stake-in-liberty-global-plc-class-a-lbtya.html.

About Liberty Global plc – Class A

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.

Want to see what other hedge funds are holding LBTYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Global plc – Class A (NASDAQ:LBTYA).

Institutional Ownership by Quarter for Liberty Global plc - Class A (NASDAQ:LBTYA)

Receive News & Ratings for Liberty Global plc - Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global plc - Class A and related companies with MarketBeat.com's FREE daily email newsletter.