APG Asset Management N.V. lifted its stake in shares of Liberty Global PLC (NASDAQ:LBTYA) by 170.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,657 shares of the company’s stock after acquiring an additional 55,300 shares during the quarter. APG Asset Management N.V.’s holdings in Liberty Global were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Route One Investment Company L.P. raised its holdings in Liberty Global by 5.6% in the fourth quarter. Route One Investment Company L.P. now owns 9,320,528 shares of the company’s stock valued at $211,949,000 after acquiring an additional 491,014 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Liberty Global by 60.9% in the 4th quarter. Renaissance Technologies LLC now owns 4,175,196 shares of the company’s stock valued at $94,944,000 after purchasing an additional 1,579,664 shares in the last quarter. Norges Bank purchased a new stake in shares of Liberty Global during the 4th quarter worth $80,279,000. Geode Capital Management LLC grew its stake in shares of Liberty Global by 9.0% during the first quarter. Geode Capital Management LLC now owns 1,760,518 shares of the company’s stock worth $29,042,000 after purchasing an additional 144,914 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Liberty Global by 140.6% in the fourth quarter. Schroder Investment Management Group now owns 1,253,231 shares of the company’s stock valued at $28,498,000 after buying an additional 732,357 shares during the last quarter. Institutional investors and hedge funds own 24.61% of the company’s stock.
In other news, EVP Bryan H. Hall sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $23.04, for a total value of $230,400.00. Following the completion of the sale, the executive vice president now directly owns 212,555 shares of the company’s stock, valued at approximately $4,897,267.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Miranda Curtis sold 5,873 shares of Liberty Global stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $21.19, for a total value of $124,448.87. Following the completion of the sale, the director now owns 132,423 shares in the company, valued at $2,806,043.37. The disclosure for this sale can be found here. Insiders sold a total of 22,722 shares of company stock worth $501,377 over the last three months. 8.14% of the stock is currently owned by corporate insiders.
Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $1.73. Liberty Global had a negative return on equity of 2.41% and a net margin of 107.92%. The business had revenue of $2.88 billion during the quarter. As a group, sell-side analysts expect that Liberty Global PLC will post -0.85 EPS for the current fiscal year.
Several brokerages have recently weighed in on LBTYA. Benchmark raised their target price on Liberty Global from $27.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Zacks Investment Research downgraded shares of Liberty Global from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Monday, June 8th. ValuEngine upgraded shares of Liberty Global from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Deutsche Bank lifted their price target on shares of Liberty Global from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, Bank of America upped their price objective on shares of Liberty Global from $26.70 to $30.30 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Liberty Global presently has a consensus rating of “Hold” and an average target price of $27.36.
About Liberty Global
Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.
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