Baker Avenue Asset Management LP Boosts Stake in Liberty Global PLC (LBTYA)

Baker Avenue Asset Management LP raised its stake in Liberty Global PLC (NASDAQ:LBTYA) by 18.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,550 shares of the company’s stock after buying an additional 15,870 shares during the period. Baker Avenue Asset Management LP’s holdings in Liberty Global PLC were worth $3,714,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Liberty Global PLC during the first quarter valued at about $163,000. Everett Harris & Co. CA acquired a new position in shares of Liberty Global PLC during the first quarter valued at about $201,000. Waldron LP acquired a new position in shares of Liberty Global PLC during the first quarter valued at about $209,000. World Asset Management Inc acquired a new position in shares of Liberty Global PLC during the first quarter valued at about $218,000. Finally, Suntrust Banks Inc. acquired a new position in shares of Liberty Global PLC during the first quarter valued at about $222,000. 23.59% of the stock is currently owned by institutional investors.

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

Shares of Liberty Global PLC (NASDAQ LBTYA) traded down 1.91% during mid-day trading on Tuesday, hitting $28.80. 2,838,688 shares of the company traded hands. Liberty Global PLC has a 52-week low of $26.16 and a 52-week high of $37.69. The firm has a 50-day moving average price of $30.89 and a 200 day moving average price of $33.45. The firm has a market cap of $29.65 billion, a price-to-earnings ratio of 17.32 and a beta of 1.68.

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Several research analysts have issued reports on LBTYA shares. TheStreet raised shares of Liberty Global PLC from a “c” rating to a “b-” rating in a research report on Tuesday, March 14th. Royal Bank Of Canada set a $40.00 price objective on shares of Liberty Global PLC and gave the stock a “buy” rating in a research report on Monday, June 12th. Pivotal Research lowered their price objective on shares of Liberty Global PLC from $47.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, May 10th. Macquarie reissued a “buy” rating and set a $40.00 price objective on shares of Liberty Global PLC in a research report on Monday, May 8th. Finally, Jefferies Group LLC raised their price objective on shares of Liberty Global PLC from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.00.

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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