Schwab Charles Investment Management Inc. grew its position in Liberty Global plc – Class A (NASDAQ:LBTYA) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 513,114 shares of the company’s stock after purchasing an additional 15,299 shares during the period. Schwab Charles Investment Management Inc. owned about 0.06% of Liberty Global plc – Class A worth $17,400,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of LBTYA. York Capital Management Global Advisors LLC bought a new position in shares of Liberty Global plc – Class A in the 2nd quarter valued at about $136,409,000. Dodge & Cox grew its position in shares of Liberty Global plc – Class A by 17.5% in the 2nd quarter. Dodge & Cox now owns 18,980,203 shares of the company’s stock valued at $609,644,000 after acquiring an additional 2,830,216 shares during the period. Rivulet Capital LLC grew its position in shares of Liberty Global plc – Class A by 85.2% in the 2nd quarter. Rivulet Capital LLC now owns 2,727,400 shares of the company’s stock valued at $87,604,000 after acquiring an additional 1,255,100 shares during the period. Farallon Capital Management LLC grew its position in shares of Liberty Global plc – Class A by 34.1% in the 2nd quarter. Farallon Capital Management LLC now owns 4,220,104 shares of the company’s stock valued at $135,550,000 after acquiring an additional 1,072,519 shares during the period. Finally, BT Investment Management Ltd acquired a new stake in shares of Liberty Global plc – Class A during the 2nd quarter worth about $24,015,000. 21.99% of the stock is owned by institutional investors.
In related news, Director J David Wargo purchased 75,000 shares of Liberty Global plc – Class A stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $22.08 per share, for a total transaction of $1,656,000.00. Following the completion of the transaction, the director now owns 119,445 shares in the company, valued at $2,637,345.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles H. R. Bracken sold 14,525 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $21.11, for a total transaction of $306,622.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 242,911 shares of company stock worth $6,627,246. Corporate insiders own 5.81% of the company’s stock.
A number of analysts have recently issued reports on LBTYA shares. Citigroup cut their target price on shares of Liberty Global plc – Class A from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 24th. Zacks Investment Research upgraded shares of Liberty Global plc – Class A from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, October 31st. Jefferies Group set a $42.00 price objective on shares of Liberty Global plc – Class A and gave the stock a “buy” rating in a research note on Monday, October 30th. Buckingham Research started coverage on shares of Liberty Global plc – Class A in a report on Friday, September 29th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, BidaskClub raised shares of Liberty Global plc – Class A from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Liberty Global plc – Class A presently has an average rating of “Hold” and an average price target of $39.41.
Liberty Global plc – Class A (NASDAQ:LBTYA) traded up $0.28 during trading on Friday, hitting $36.87. 1,560,000 shares of the company were exchanged, compared to its average volume of 1,740,000. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.64. Liberty Global plc – Class A has a 52 week low of $28.17 and a 52 week high of $37.69. The firm has a market cap of $8,090.00, a P/E ratio of 41.43 and a beta of 1.62.
Liberty Global plc – Class A announced that its Board of Directors has initiated a share repurchase program on Monday, December 18th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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.
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