Atlantic Trust Group LLC increased its position in shares of Liberty Global PLC (NASDAQ:LBTYA) by 13.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,131 shares of the company’s stock after buying an additional 4,851 shares during the quarter. Atlantic Trust Group LLC’s holdings in Liberty Global PLC were worth $1,290,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. MAI Capital Management grew its stake in Liberty Global PLC by 0.7% in the first quarter. MAI Capital Management now owns 9,255 shares of the company’s stock valued at $332,000 after purchasing an additional 60 shares in the last quarter. High Pointe Capital Management LLC grew its stake in Liberty Global PLC by 5.7% in the second quarter. High Pointe Capital Management LLC now owns 6,670 shares of the company’s stock valued at $214,000 after purchasing an additional 360 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Liberty Global PLC by 6.2% in the second quarter. Janney Montgomery Scott LLC now owns 8,363 shares of the company’s stock valued at $269,000 after purchasing an additional 488 shares in the last quarter. Mercer Capital Advisers Inc. grew its stake in Liberty Global PLC by 5.0% in the second quarter. Mercer Capital Advisers Inc. now owns 12,665 shares of the company’s stock valued at $407,000 after purchasing an additional 600 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Liberty Global PLC by 11.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,903 shares of the company’s stock valued at $248,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 22.05% of the company’s stock.
A number of research analysts have weighed in on the company. Deutsche Bank AG assumed coverage on Liberty Global PLC in a research note on Wednesday, September 6th. They issued a “buy” rating and a $43.00 price target for the company. BidaskClub upgraded Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Credit Suisse Group downgraded Liberty Global PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 24th. Morgan Stanley raised their price target on Liberty Global PLC from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Finally, Pivotal Research decreased their price target on Liberty Global PLC from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.00.
In other Liberty Global PLC news, Director John C. Malone bought 223,186 shares of Liberty Global PLC stock in a transaction dated Thursday, July 6th. The stock was bought at an average cost of $21.76 per share, with a total value of $4,856,527.36. Following the completion of the acquisition, the director now directly owns 761,816 shares in the company, valued at approximately $16,577,116.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David E. Rapley sold 2,985 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $32.81, for a total value of $97,937.85. Following the completion of the transaction, the director now owns 14,795 shares in the company, valued at approximately $485,423.95. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 1,610,000 shares of company stock valued at $37,412,081. 5.81% of the stock is currently owned by corporate insiders.
Shares of Liberty Global PLC (LBTYA) opened at 32.62 on Monday. Liberty Global PLC has a 52-week low of $28.17 and a 52-week high of $37.69. The firm has a market capitalization of $32.74 billion, a PE ratio of 35.85 and a beta of 1.66. The stock has a 50 day moving average price of $33.79 and a 200-day moving average price of $33.28.
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Liberty Global PLC 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.
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