Bridgewater Associates LP acquired a new stake in shares of Liberty Global PLC (NASDAQ:LBTYA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 166,144 shares of the company’s stock, valued at approximately $4,807,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC lifted its holdings in shares of Liberty Global by 9.0% in the 2nd quarter. FMR LLC now owns 5,234,821 shares of the company’s stock worth $144,168,000 after buying an additional 431,286 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Liberty Global by 1.1% in the 2nd quarter. Gabelli Funds LLC now owns 1,516,957 shares of the company’s stock worth $41,777,000 after buying an additional 16,000 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of Liberty Global by 20.5% in the 2nd quarter. Macquarie Group Ltd. now owns 1,223,866 shares of the company’s stock worth $33,705,000 after buying an additional 208,107 shares during the period. Wallace Capital Management Inc. purchased a new stake in shares of Liberty Global in the 2nd quarter worth $26,302,000. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Liberty Global by 65.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 962,629 shares of the company’s stock worth $27,849,000 after buying an additional 380,729 shares during the period. Institutional investors own 22.23% of the company’s stock.
In other news, CFO Charles H. R. Bracken sold 46,054 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $27.27, for a total value of $1,255,892.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.93% of the company’s stock.
Several brokerages have weighed in on LBTYA. Zacks Investment Research cut Liberty Global from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. BidaskClub raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. TheStreet lowered Liberty Global from a “c” rating to a “d” rating in a research report on Thursday, November 8th. Bank of America set a $37.00 price target on Liberty Global and gave the stock a “hold” rating in a research report on Friday, November 9th. Finally, HSBC set a $35.00 price target on Liberty Global and gave the stock a “buy” rating in a research report on Thursday, October 18th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.50.
LBTYA opened at $24.83 on Monday. The firm has a market capitalization of $18.72 billion, a PE ratio of -10.84 and a beta of 1.59. The company has a debt-to-equity ratio of 5.45, a current ratio of 0.36 and a quick ratio of 0.36. Liberty Global PLC has a 12 month low of $22.21 and a 12 month high of $39.73.
Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.83). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.94 billion. Liberty Global had a negative return on equity of 36.93% and a negative net margin of 2.06%. Research analysts expect that Liberty Global PLC will post -0.32 earnings per share for the current year.
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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