BlackRock Inc. raised its holdings in Liberty Global PLC (NASDAQ:LBTYA) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,815,739 shares of the company’s stock after purchasing an additional 638,945 shares during the period. BlackRock Inc. owned 1.57% of Liberty Global worth $252,148,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Liberty Global by 326.5% in the third quarter. Vanguard Group Inc. now owns 13,327,704 shares of the company’s stock valued at $377,705,000 after buying an additional 10,202,577 shares during the last quarter. AMF Pensionsforsakring AB acquired a new position in shares of Liberty Global in the fourth quarter valued at approximately $15,346,000. Mackenzie Financial Corp raised its position in shares of Liberty Global by 8.0% in the fourth quarter. Mackenzie Financial Corp now owns 4,006,511 shares of the company’s stock valued at $85,499,000 after buying an additional 297,280 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Liberty Global in the third quarter valued at approximately $11,172,000. Finally, Virtu Financial LLC acquired a new position in shares of Liberty Global in the fourth quarter valued at approximately $381,000. 22.73% of the stock is currently owned by institutional investors.
Shares of LBTYA stock opened at $26.03 on Friday. Liberty Global PLC has a one year low of $19.88 and a one year high of $33.58. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.31. The company has a market cap of $19.01 billion, a P/E ratio of -13.21 and a beta of 1.54.
LBTYA has been the subject of a number of analyst reports. HSBC set a $32.00 price objective on shares of Liberty Global and gave the company a “buy” rating in a research report on Tuesday, January 29th. Pivotal Research reissued a “buy” rating and issued a $32.00 price objective on shares of Liberty Global in a research report on Wednesday, February 27th. BidaskClub raised shares of Liberty Global from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Barclays reissued a “buy” rating on shares of Liberty Global in a research report on Thursday, December 20th. Finally, ValuEngine raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Liberty Global currently has a consensus rating of “Hold” and a consensus target price of $34.44.
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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