Liberty Global PLC (LBTYA) Upgraded to Buy by Redburn Partners

Liberty Global PLC (LBTYA) Upgraded to Buy by Redburn Partners

Liberty Global plc - Class C Ordinary Shares (NASDAQ:LBTYK) has declined 6.78% since August 10, 2016 and is downtrending. Following the transaction, the director now directly owns 927,830 shares of the company's stock, valued at $22,583,382.20. Schwab Charles Investment Management Inc. owned approximately 0.26% of Liberty Global PLC worth $10,344,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Finally, Dodge & Cox bought a new position in Liberty Global PLC during the fourth quarter worth about $493,918,000. Commonwealth Bank of Australia increased its stake in Liberty Global PLC by 96.7% in the second quarter.

East Coast Asset Management Llc increased Liberty Global Plc (LBTYK) stake by 264.3% reported in 2016Q4 SEC filing. Gabelli Funds LLC now owns 692,397 shares of the company's stock valued at $15,953,000 after buying an additional 15,055 shares during the last quarter. The institutional investor held 4.59 million shares of the television services company at the end of 2016Q4, valued at $136.37M, up from 3.77M at the end of the previous reported quarter. Proshare Advisors LLC now holds 69,112 shares worth $2,220,000. Macquarie Research maintained the shares of LBTYA in report on Tuesday, June 20 with "Buy" rating. Liberty Global PLC has a 1-year low of $19.33 and a 1-year high of $30.88. Company chares are trading at $33.79 which is slightly above the 50 day moving average which is $32.57 and a bit higher than the 200 day moving average of $33.57. Insiders have purchased a total of 1,610,000 shares of company stock worth $37,412,081 in the last three months.

Liberty Global plc had its "equal-weight" rating reiterated by analysts at Morgan Stanley. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $42.00 price target on shares of Liberty Global PLC in a research note on Friday, May 5th. The company was maintained on Friday, June 24 by Pivotal Research.

Liberty Global PLC (LBTYA) traded down 0.662% during trading on Friday, hitting $33.745.

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The company's P/E ratio is 36.98 and the market cap is 33.77B. The shares were acquired at an average price of $21.80 per share, with a total value of $8,385,871.40. Jefferies Group LLC set a $43.00 price objective on shares of Liberty Global PLC and gave the stock a "buy" rating in a research report on Saturday, June 17th.

ILLEGAL ACTIVITY WARNING: "Liberty Global PLC (LBTYA) Upgraded to Buy by Redburn Partners" was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA & global copyright & trademark laws. The correct version of this piece can be viewed at https://weekherald.com/2017/08/11/valuengine-downgrades-liberty-global-plc-nasdaqlbtya-to-hold-updated.html. The company now has a consensus rating of "Buy" and a consensus price target of $39.85.

A number of research analysts recently weighed in on LBTYA shares. Finally, ValuEngine lowered Liberty Global PLC from a "buy" rating to a "hold" rating in a report on Tuesday, August 1st. The stock declined 1.05% or $0.7 reaching $66.23 per share. The disclosure for this purchase can be found here.

Want to see what other hedge funds are holding LBTYA?

07/16/2015 - JP Morgan began new coverage on Liberty Global plc giving the company a "overweight" rating.

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