GABELLI & Co INVESTMENT ADVISERS INC. decreased its stake in shares of Liberty Global PLC (NASDAQ:LBTYA) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 19,524 shares of the company’s stock after selling 1,138 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Liberty Global PLC were worth $597,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in LBTYA. Trexquant Investment LP boosted its position in Liberty Global PLC by 58.4% in the second quarter. Trexquant Investment LP now owns 76,800 shares of the company’s stock valued at $2,232,000 after buying an additional 28,300 shares during the last quarter. Coronation Fund Managers Ltd. bought a new position in Liberty Global PLC during the second quarter valued at $26,706,000. Vanguard Group Inc. boosted its position in Liberty Global PLC by 4.1% in the second quarter. Vanguard Group Inc. now owns 3,231,859 shares of the company’s stock valued at $93,919,000 after buying an additional 125,964 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Liberty Global PLC during the second quarter valued at $227,000. Finally, OTA Financial Group L.P. bought a new position in Liberty Global PLC during the second quarter valued at $1,000,000. Hedge funds and other institutional investors own 22.93% of the company’s stock.
Liberty Global PLC (NASDAQ:LBTYA) traded up 0.14% during midday trading on Tuesday, hitting $35.51. 1,574,438 shares of the stock traded hands. The firm’s market cap is $32.18 billion. The company’s 50-day moving average is $34.42 and its 200 day moving average is $32.53. Liberty Global PLC has a 12-month low of $26.16 and a 12-month high of $36.78.
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A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Liberty Global PLC from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, December 27th. Wunderlich dropped their price objective on shares of Liberty Global PLC from $49.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, November 7th. TheStreet cut shares of Liberty Global PLC from a “hold” rating to a “sell” rating in a research note on Monday, November 7th. Societe Generale began coverage on shares of Liberty Global PLC in a research note on Tuesday, December 6th. They set a “buy” rating and a $48.00 price target for the company. Finally, Morgan Stanley began coverage on shares of Liberty Global PLC in a research note on Monday, January 23rd. They set an “equal weight” rating and a $39.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. Liberty Global PLC currently has an average rating of “Buy” and an average price target of $43.00.
About Liberty Global PLC
Liberty Global PLC, formerly Liberty Global, Inc, is an international cable company with operations in 14 countries. The Company’s tripleplay services are provided through networks and technology platforms that connect approximately 25 million customers subscribing to over 47 million television, broadband Internet and telephony services.
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