Los Angeles Capital Management LLC Raises Stake in Liberty Global plc (NASDAQ:LBTYA)

Los Angeles Capital Management LLC grew its stake in shares of Liberty Global plc (NASDAQ:LBTYAGet Rating) by 230.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 931,813 shares of the company’s stock after purchasing an additional 649,798 shares during the period. Los Angeles Capital Management LLC owned approximately 0.18% of Liberty Global worth $23,771,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC purchased a new stake in shares of Liberty Global in the 1st quarter worth about $26,000. M&R Capital Management Inc. boosted its position in shares of Liberty Global by 22.6% in the 1st quarter. M&R Capital Management Inc. now owns 2,958 shares of the company’s stock worth $75,000 after buying an additional 546 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Liberty Global in the 4th quarter worth about $77,000. Advisor Group Holdings Inc. boosted its position in shares of Liberty Global by 10.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,633 shares of the company’s stock worth $143,000 after buying an additional 545 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Liberty Global in the 4th quarter worth about $224,000. 28.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Berenberg Bank upgraded shares of Liberty Global from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, June 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Liberty Global from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, July 14th. Finally, Barclays cut their target price on shares of Liberty Global from $31.00 to $28.00 in a research note on Thursday, May 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $35.47.

Insider Buying and Selling

In related news, EVP Bryan H. Hall sold 12,000 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $23.32, for a total transaction of $279,840.00. Following the completion of the sale, the executive vice president now owns 143,984 shares of the company’s stock, valued at approximately $3,357,706.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Liberty Global news, EVP Bryan H. Hall sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $23.32, for a total value of $279,840.00. Following the completion of the transaction, the executive vice president now owns 143,984 shares in the company, valued at approximately $3,357,706.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul A. Gould sold 6,880 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $22.20, for a total value of $152,736.00. Following the completion of the transaction, the director now owns 227,103 shares of the company’s stock, valued at approximately $5,041,686.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,479 shares of company stock valued at $2,165,060. 9.41% of the stock is currently owned by corporate insiders.

Liberty Global Trading Down 0.3 %

NASDAQ LBTYA opened at $21.55 on Friday. Liberty Global plc has a 12 month low of $20.18 and a 12 month high of $30.58. The company has a 50-day moving average of $21.92 and a 200-day moving average of $24.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $10.45 billion, a P/E ratio of 2.38 and a beta of 1.15.

Liberty Global (NASDAQ:LBTYAGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $2.06. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.91 billion. Liberty Global had a net margin of 63.77% and a return on equity of 15.10%. As a group, equities analysts predict that Liberty Global plc will post 0.06 earnings per share for the current year.

Liberty Global Company Profile

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Liberty Global plc, together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as intelligent WiFi features; security; smart home, online storage solutions, and Web spaces; Connect Box, a set-top or Horizon box that delivers in-home Wi-Fi service; community Wi-Fi via routers in home, which provides access to the internet; and public Wi-Fi access points in train stations, hotels, bars, restaurants, and other public places.

Further Reading

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

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