Canada Pension Plan Investment Board Boosts Stock Holdings in Liberty Global PLC (NASDAQ:LBTYA)

Canada Pension Plan Investment Board lifted its position in Liberty Global PLC (NASDAQ:LBTYA) by 19.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 612,839 shares of the company’s stock after purchasing an additional 97,717 shares during the period. Canada Pension Plan Investment Board owned about 0.08% of Liberty Global worth $16,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LBTYA. CIBC Asset Management Inc lifted its position in shares of Liberty Global by 3.9% during the 2nd quarter. CIBC Asset Management Inc now owns 17,556 shares of the company’s stock valued at $474,000 after buying an additional 660 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Liberty Global by 9.6% during the second quarter. Envestnet Asset Management Inc. now owns 10,551 shares of the company’s stock worth $285,000 after acquiring an additional 920 shares during the period. Mycio Wealth Partners LLC purchased a new position in Liberty Global during the second quarter valued at $25,000. First Trust Advisors LP lifted its holdings in Liberty Global by 0.6% during the second quarter. First Trust Advisors LP now owns 167,843 shares of the company’s stock valued at $4,530,000 after purchasing an additional 985 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Liberty Global by 9.9% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 15,727 shares of the company’s stock valued at $424,000 after purchasing an additional 1,415 shares during the period. 23.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on LBTYA. Benchmark initiated coverage on shares of Liberty Global in a research note on Thursday, July 25th. They set a “buy” rating and a $34.00 target price for the company. New Street Research cut Liberty Global from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. BidaskClub upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Pivotal Research reissued a “buy” rating and set a $31.00 target price on shares of Liberty Global in a report on Sunday, June 30th. Finally, Societe Generale set a $36.00 target price on Liberty Global and gave the company a “buy” rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Liberty Global currently has a consensus rating of “Hold” and a consensus price target of $31.42.

NASDAQ:LBTYA opened at $27.72 on Wednesday. The company’s 50-day moving average price is $26.58 and its 200-day moving average price is $26.43. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 7.15. The company has a market cap of $20.04 billion, a P/E ratio of -14.07 and a beta of 1.48. Liberty Global PLC has a twelve month low of $19.88 and a twelve month high of $29.55.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.89). The business had revenue of $2.85 billion for the quarter. Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. On average, analysts expect that Liberty Global PLC will post -1.09 earnings per share for the current year.

Liberty Global Company Profile

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

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