Liberty Global PLC (LBTYA) Downgraded to “Hold” at ValuEngine

Liberty Global PLC (NASDAQ:LBTYA) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, August 1st.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Liberty Global PLC from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Tuesday, June 20th. Jefferies Group LLC set a $43.00 price objective on shares of Liberty Global PLC and gave the stock a “buy” rating in a report on Saturday, June 17th. Pivotal Research cut their price objective on shares of Liberty Global PLC from $47.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, May 10th. Macquarie reaffirmed a “buy” rating and set a $40.00 price objective on shares of Liberty Global PLC in a report on Monday, May 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 price objective on shares of Liberty Global PLC in a report on Friday, May 5th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $39.85.

Shares of Liberty Global PLC (NASDAQ:LBTYA) traded up 0.15% during mid-day trading on Tuesday, reaching $34.02. 1,721,538 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $32.71 and its 200 day moving average price is $33.56. Liberty Global PLC has a 52-week low of $28.17 and a 52-week high of $37.69. The company has a market cap of $34.14 billion, a PE ratio of 37.38 and a beta of 1.67.

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In other Liberty Global PLC news, Director John C. Malone acquired 519,592 shares of the company’s stock in a transaction on Monday, July 10th. The shares were acquired at an average cost of $24.34 per share, with a total value of $12,646,869.28. Following the completion of the acquisition, the director now directly owns 927,830 shares in the company, valued at $22,583,382.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Malone acquired 139,052 shares of the company’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 completion of the acquisition, the director now owns 761,816 shares of the company’s stock, valued at $16,561,879.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,610,000 shares of company stock worth $37,412,081. Insiders own 3.93% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC increased its stake in Liberty Global PLC by 3,373.7% in the fourth quarter. Highbridge Capital Management LLC now owns 39,284 shares of the company’s stock valued at $1,201,000 after buying an additional 40,484 shares during the period. S&CO Inc. boosted its stake in shares of Liberty Global PLC by 5.6% in the first quarter. S&CO Inc. now owns 120,406 shares of the company’s stock valued at $4,319,000 after buying an additional 6,365 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Liberty Global PLC during the first quarter valued at $542,000. Waldron LP bought a new stake in shares of Liberty Global PLC during the first quarter valued at $209,000. Finally, First Manhattan Co. boosted its stake in shares of Liberty Global PLC by 0.4% in the first quarter. First Manhattan Co. now owns 280,558 shares of the company’s stock valued at $9,589,000 after buying an additional 1,067 shares in the last quarter. 22.80% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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