Cubist Systematic Strategies LLC raised its stake in Liberty Global PLC (NASDAQ:LILAK) by 418.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,895 shares of the company’s stock after purchasing an additional 64,485 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.07% of Liberty Global PLC worth $1,711,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of LILAK. Bank of New York Mellon Corp grew its stake in Liberty Global PLC by 9.2% in the first quarter. Bank of New York Mellon Corp now owns 279,373 shares of the company’s stock valued at $6,438,000 after purchasing an additional 23,474 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Liberty Global PLC during the 1st quarter worth approximately $411,000. Ameriprise Financial Inc. boosted its stake in shares of Liberty Global PLC by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 50,084 shares of the company’s stock worth $1,153,000 after acquiring an additional 12,939 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Liberty Global PLC by 60.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 118,973 shares of the company’s stock worth $2,741,000 after acquiring an additional 44,596 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Liberty Global PLC by 8.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 21,841 shares of the company’s stock worth $501,000 after acquiring an additional 1,769 shares during the period. Hedge funds and other institutional investors own 51.91% of the company’s stock.
Shares of Liberty Global PLC (NASDAQ:LILAK) traded down 0.54% on Wednesday, hitting $23.84. The stock had a trading volume of 25,334 shares. Liberty Global PLC has a 52 week low of $19.33 and a 52 week high of $28.40. The company’s market capitalization is $4.09 billion. The company has a 50-day moving average of $24.25 and a 200 day moving average of $24.25.
Several research analysts have recently commented on the company. BidaskClub upgraded Liberty Global PLC from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th. Macquarie downgraded Liberty Global PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 27th. Finally, HSBC Holdings plc assumed coverage on Liberty Global PLC in a research note on Monday. They set a “reduce” rating for the company.
About Liberty Global PLC
LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.
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