Morgan Stanley lifted its stake in Liberty Global PLC (NASDAQ:LILA) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,039 shares of the company’s stock after acquiring an additional 3,859 shares during the quarter. Morgan Stanley’s holdings in Liberty Global PLC were worth $1,113,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vivaldi Capital Management LLC bought a new position in Liberty Global PLC during the first quarter worth about $7,499,239,000. RMB Capital Management LLC bought a new position in Liberty Global PLC during the first quarter worth about $4,981,000. Gruss Capital Management LP bought a new position in Liberty Global PLC during the first quarter worth about $12,159,000. UBS Group AG grew its holdings in Liberty Global PLC by 144.3% during the first quarter. UBS Group AG now owns 29,832 shares of the company’s stock worth $664,000 after purchasing an additional 17,620 shares during the period. Finally, Oxford Asset Management bought a new position in Liberty Global PLC during the first quarter worth about $1,490,000. 21.44% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities analysts recently commented on the company. Morgan Stanley cut Liberty Global PLC from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $22.00 to $26.00 in a report on Thursday, August 10th. ValuEngine upgraded Liberty Global PLC from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Royal Bank Of Canada cut Liberty Global PLC from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $30.00 to $28.50 in a report on Monday, July 24th. Zacks Investment Research upgraded Liberty Global PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Barclays PLC boosted their price objective on Liberty Global PLC from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.36.
Shares of Liberty Global PLC (NASDAQ:LILA) opened at 23.75 on Friday. The stock has a 50 day moving average of $25.11 and a 200-day moving average of $25.11. Liberty Global PLC has a 52-week low of $19.10 and a 52-week high of $29.31. The firm’s market capitalization is $4.07 billion.
About Liberty Global PLC
LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.
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