State of Wisconsin Investment Board Buys 431,430 Shares of Liberty Global PLC (LBTYA)

State of Wisconsin Investment Board increased its position in shares of Liberty Global PLC (NASDAQ:LBTYA) by 118.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 794,878 shares of the company’s stock after buying an additional 431,430 shares during the period. State of Wisconsin Investment Board owned about 0.08% of Liberty Global PLC worth $25,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership raised its position in Liberty Global PLC by 0.7% in the first quarter. Artisan Partners Limited Partnership now owns 10,900,902 shares of the company’s stock worth $391,015,000 after buying an additional 76,709 shares during the last quarter. BlackRock Inc. raised its position in shares of Liberty Global PLC by 2,739.9% in the first quarter. BlackRock Inc. now owns 10,201,377 shares of the company’s stock worth $365,923,000 after buying an additional 9,842,167 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Liberty Global PLC by 3.0% in the first quarter. Geode Capital Management LLC now owns 1,742,676 shares of the company’s stock worth $62,483,000 after buying an additional 51,073 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Liberty Global PLC by 2.0% in the first quarter. Gabelli Funds LLC now owns 1,555,072 shares of the company’s stock worth $55,780,000 after buying an additional 31,000 shares in the last quarter. Finally, Beck Mack & Oliver LLC raised its position in shares of Liberty Global PLC by 25.1% in the second quarter. Beck Mack & Oliver LLC now owns 1,541,373 shares of the company’s stock worth $49,509,000 after buying an additional 308,913 shares in the last quarter. 22.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Liberty Global PLC (NASDAQ:LBTYA) opened at 33.39 on Friday. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 36.69 and a beta of 1.67. The firm has a 50-day moving average price of $33.12 and a 200 day moving average price of $33.52. Liberty Global PLC has a 12-month low of $28.17 and a 12-month high of $37.69.

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A number of research analysts recently weighed in on the company. Morgan Stanley upped their price objective on Liberty Global PLC from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. BidaskClub raised Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Zacks Investment Research raised Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Friday, August 4th. ValuEngine lowered Liberty Global PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Pivotal Research dropped their price objective on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.85.

In related news, Director John C. Malone bought 384,673 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of $21.80 per share, for a total transaction of $8,385,871.40. Following the acquisition, the director now directly owns 761,816 shares of the company’s stock, valued at approximately $16,607,588.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Malone bought 139,052 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was bought at an average price of $21.74 per share, for a total transaction of $3,022,990.48. Following the completion of the acquisition, the director now directly owns 761,816 shares in the company, valued at $16,561,879.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,610,000 shares of company stock worth $37,412,081. 3.93% of the stock is owned by insiders.

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.

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

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