BlackRock Inc. Has $309.01 Million Position in Liberty Global PLC Class A (LBTYA)

BlackRock Inc. lessened its holdings in Liberty Global PLC Class A (NASDAQ:LBTYA) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,220,362 shares of the company’s stock after selling 109,018 shares during the period. BlackRock Inc. owned about 1.41% of Liberty Global PLC Class A worth $309,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farallon Capital Management LLC increased its stake in Liberty Global PLC Class A by 44.1% in the 1st quarter. Farallon Capital Management LLC now owns 4,713,926 shares of the company’s stock valued at $147,593,000 after buying an additional 1,443,746 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Liberty Global PLC Class A by 1.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 2,946,065 shares of the company’s stock valued at $92,241,000 after buying an additional 31,331 shares during the last quarter. Hosking Partners LLP increased its stake in Liberty Global PLC Class A by 4.7% in the 1st quarter. Hosking Partners LLP now owns 1,383,596 shares of the company’s stock valued at $43,320,000 after buying an additional 61,654 shares during the last quarter. Northern Trust Corp increased its stake in Liberty Global PLC Class A by 2.0% in the 1st quarter. Northern Trust Corp now owns 1,054,383 shares of the company’s stock valued at $33,012,000 after buying an additional 20,747 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Liberty Global PLC Class A by 38.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 837,427 shares of the company’s stock valued at $23,063,000 after buying an additional 231,962 shares during the last quarter. Institutional investors own 21.92% of the company’s stock.

Shares of NASDAQ:LBTYA opened at $28.20 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98. Liberty Global PLC Class A has a one year low of $25.86 and a one year high of $39.73. The firm has a market capitalization of $21.18 billion, a price-to-earnings ratio of -12.31 and a beta of 1.55.

Liberty Global PLC Class A (NASDAQ:LBTYA) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.68. Liberty Global PLC Class A had a negative net margin of 11.46% and a negative return on equity of 27.88%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $4.06 billion. equities analysts expect that Liberty Global PLC Class A will post -0.02 earnings per share for the current fiscal year.

Several research firms have commented on LBTYA. Zacks Investment Research upgraded shares of Liberty Global PLC Class A from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub lowered shares of Liberty Global PLC Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Sanford C. Bernstein upgraded shares of Liberty Global PLC Class A to an “outperform” rating and decreased their price target for the stock from $41.30 to $34.00 in a research note on Friday, June 29th. They noted that the move was a valuation call. ValuEngine lowered shares of Liberty Global PLC Class A from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Finally, Pivotal Research restated a “buy” rating and set a $35.00 price target on shares of Liberty Global PLC Class A in a research note on Tuesday, September 11th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.68.

About Liberty Global PLC Class A

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.

Further Reading: Risk Tolerance

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Institutional Ownership by Quarter for Liberty Global PLC Class A (NASDAQ:LBTYA)

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