Liberty Global PLC (LBTYA) Position Raised by Bank of Montreal Can
Bank of Montreal Can increased its holdings in Liberty Global PLC (NASDAQ:LBTYA) by 14.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,771 shares of the company’s stock after buying an additional 3,350 shares during the period. Bank of Montreal Can’s holdings in Liberty Global were worth $745,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Royal London Asset Management Ltd. bought a new position in Liberty Global in the second quarter valued at $2,539,000. FMR LLC increased its stake in Liberty Global by 9.0% in the second quarter. FMR LLC now owns 5,234,821 shares of the company’s stock valued at $144,168,000 after acquiring an additional 431,286 shares during the last quarter. Schroder Investment Management Group increased its stake in Liberty Global by 23,412.5% in the second quarter. Schroder Investment Management Group now owns 45,144 shares of the company’s stock valued at $1,260,000 after acquiring an additional 44,952 shares during the last quarter. Verition Fund Management LLC increased its stake in Liberty Global by 311.6% in the second quarter. Verition Fund Management LLC now owns 33,500 shares of the company’s stock valued at $923,000 after acquiring an additional 25,361 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Liberty Global by 14.7% in the second quarter. California Public Employees Retirement System now owns 752,863 shares of the company’s stock valued at $20,734,000 after acquiring an additional 96,762 shares during the last quarter. Institutional investors own 21.92% of the company’s stock.
Shares of NASDAQ:LBTYA opened at $24.72 on Friday. Liberty Global PLC has a 12-month low of $23.17 and a 12-month high of $39.73. The stock has a market cap of $18.47 billion, a PE ratio of -10.79 and a beta of 1.59. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 5.45.
A number of research analysts recently commented on the company. TheStreet cut Liberty Global from a “c” rating to a “d” rating in a research note on Thursday, November 8th. Bank of America set a $37.00 target price on Liberty Global and gave the company a “hold” rating in a research note on Friday, November 9th. HSBC set a $35.00 price objective on Liberty Global and gave the company a “buy” rating in a research note on Thursday, October 18th. BidaskClub cut Liberty Global from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Zacks Investment Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday, October 1st. Four research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $37.50.
In other news, CFO Charles H. R. Bracken sold 46,054 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $27.27, for a total transaction of $1,255,892.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.93% of the company’s stock.
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About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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