Liberty Global PLC (NASDAQ:LBTYA) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, August 1st.
Several other equities analysts also recently weighed in on LBTYA. Macquarie reiterated a “buy” rating and set a $42.00 target price on shares of Liberty Global PLC in a research report on Tuesday, April 4th. Jefferies Group LLC boosted their price objective on Liberty Global PLC from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price objective on shares of Liberty Global PLC in a research report on Friday, May 5th. Pivotal Research lowered their price objective on Liberty Global PLC from $47.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, May 10th. Finally, TheStreet downgraded Liberty Global PLC from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th. 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.85.
Shares of Liberty Global PLC (NASDAQ LBTYA) traded up 0.03% during mid-day trading on Tuesday, reaching $33.40. The company’s stock had a trading volume of 1,992,117 shares. The company has a 50-day moving average of $33.17 and a 200-day moving average of $33.50. Liberty Global PLC has a 12 month low of $28.17 and a 12 month high of $37.69. The firm has a market cap of $33.52 billion, a PE ratio of 36.70 and a beta of 1.67.
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In related news, Director David E. Rapley sold 2,985 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $32.81, for a total value of $97,937.85. Following the completion of the sale, the director now owns 14,795 shares in the company, valued at $485,423.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone purchased 223,186 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average price of $21.76 per share, with a total value of $4,856,527.36. Following the acquisition, the director now directly owns 761,816 shares of the company’s stock, valued at approximately $16,577,116.16. The disclosure for this purchase can be found here. Insiders purchased 1,610,000 shares of company stock valued at $37,412,081 in the last quarter. 3.93% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of LBTYA. BlackRock Inc. raised its stake in 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. York Capital Management Global Advisors LLC bought a new stake in Liberty Global PLC during the second quarter worth $136,409,000. Dodge & Cox raised its stake in Liberty Global PLC by 17.5% in the second quarter. Dodge & Cox now owns 18,980,203 shares of the company’s stock worth $609,644,000 after buying an additional 2,830,216 shares in the last quarter. Rivulet Capital LLC raised its stake in Liberty Global PLC by 85.2% in the second quarter. Rivulet Capital LLC now owns 2,727,400 shares of the company’s stock worth $87,604,000 after buying an additional 1,255,100 shares in the last quarter. Finally, Farallon Capital Management LLC raised its stake in Liberty Global PLC by 34.1% in the second quarter. Farallon Capital Management LLC now owns 4,220,104 shares of the company’s stock worth $135,550,000 after buying an additional 1,072,519 shares in the last quarter. Institutional investors own 22.53% of the company’s stock.
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.
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