Liberty Global plc – Class A (NASDAQ:LBTYA) Position Boosted by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in Liberty Global plc – Class A (NASDAQ:LBTYA) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,545 shares of the company’s stock after purchasing an additional 27,314 shares during the period. California Public Employees Retirement System owned about 0.07% of Liberty Global plc – Class A worth $20,161,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. York Capital Management Global Advisors LLC purchased a new stake in Liberty Global plc – Class A in the second quarter worth $136,409,000. Dodge & Cox boosted its holdings in Liberty Global plc – Class A by 17.5% in the second quarter. Dodge & Cox now owns 18,980,203 shares of the company’s stock worth $609,644,000 after acquiring an additional 2,830,216 shares in the last quarter. Rivulet Capital LLC boosted its holdings in Liberty Global plc – Class A by 85.2% in the second quarter. Rivulet Capital LLC now owns 2,727,400 shares of the company’s stock worth $87,604,000 after acquiring an additional 1,255,100 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in Liberty Global plc – Class A by 34.1% in the second quarter. Farallon Capital Management LLC now owns 4,220,104 shares of the company’s stock worth $135,550,000 after acquiring an additional 1,072,519 shares in the last quarter. Finally, BT Investment Management Ltd bought a new stake in Liberty Global plc – Class A in the second quarter worth $24,015,000. 21.99% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Charles H. R. Bracken sold 14,525 shares of Liberty Global plc – Class A stock in a transaction on Friday, December 15th. The stock was sold at an average price of $21.11, for a total value of $306,622.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard R. Green sold 43,275 shares of Liberty Global plc – Class A stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $33.31, for a total value of $1,441,490.25. Following the completion of the transaction, the director now owns 17,002 shares in the company, valued at $566,336.62. The disclosure for this sale can be found here. Insiders have sold a total of 242,911 shares of company stock valued at $6,627,246 over the last three months. 3.93% of the stock is owned by corporate insiders.

Shares of Liberty Global plc – Class A (NASDAQ:LBTYA) traded up $0.28 during mid-day trading on Friday, hitting $36.87. The company had a trading volume of 1,559,459 shares, compared to its average volume of 1,740,000. Liberty Global plc – Class A has a 52-week low of $28.17 and a 52-week high of $37.69. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $8,090.00, a price-to-earnings ratio of 41.43 and a beta of 1.62.

Liberty Global plc – Class A announced that its Board of Directors has approved a share buyback program on Monday, December 18th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

LBTYA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Liberty Global plc – Class A from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Pivotal Research reaffirmed a “buy” rating and set a $44.00 price target on shares of Liberty Global plc – Class A in a report on Tuesday, December 19th. BidaskClub cut Liberty Global plc – Class A from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Citigroup reduced their price objective on Liberty Global plc – Class A from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 24th. Finally, Jefferies Group set a $42.00 price target on Liberty Global plc – Class A and gave the stock a “buy” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.41.

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About Liberty Global plc – Class A

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.

Institutional Ownership by Quarter for Liberty Global plc - Class A (NASDAQ:LBTYA)

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