Liberty Global PLC Class A (LBTYA) Holdings Trimmed by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lessened its stake in shares of Liberty Global PLC Class A (NASDAQ:LBTYA) by 38.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 27,000 shares of the company’s stock after selling 16,800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Liberty Global PLC Class A were worth $744,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LBTYA. Raffles Associates LP purchased a new position in shares of Liberty Global PLC Class A during the second quarter worth about $413,000. Highstreet Asset Management Inc. purchased a new position in shares of Liberty Global PLC Class A during the second quarter worth about $515,000. Gabelli Funds LLC grew its holdings in shares of Liberty Global PLC Class A by 1.1% during the second quarter. Gabelli Funds LLC now owns 1,516,957 shares of the company’s stock worth $41,777,000 after purchasing an additional 16,000 shares in the last quarter. FMR LLC grew its holdings in shares of Liberty Global PLC Class A by 9.0% during the second quarter. FMR LLC now owns 5,234,821 shares of the company’s stock worth $144,168,000 after purchasing an additional 431,286 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Liberty Global PLC Class A by 6.7% during the second quarter. PNC Financial Services Group Inc. now owns 30,884 shares of the company’s stock worth $851,000 after purchasing an additional 1,947 shares in the last quarter. 21.92% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on LBTYA. Zacks Investment Research raised Liberty Global PLC Class A from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub lowered Liberty Global PLC Class A from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Sanford C. Bernstein raised Liberty Global PLC Class A to an “outperform” rating and cut their price objective for the stock from $41.30 to $34.00 in a report on Friday, June 29th. They noted that the move was a valuation call. ValuEngine lowered Liberty Global PLC Class A from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. Finally, Pivotal Research reissued a “buy” rating and set a $35.00 price objective on shares of Liberty Global PLC Class A in a report on Tuesday, September 11th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.68.

Shares of LBTYA opened at $27.92 on Tuesday. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of -12.11 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 5.98. Liberty Global PLC Class A has a 1 year low of $25.86 and a 1 year high of $39.73.

Liberty Global PLC Class A (NASDAQ:LBTYA) last issued its earnings results on Wednesday, August 8th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.68. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $4.06 billion. Liberty Global PLC Class A had a negative return on equity of 27.88% and a negative net margin of 11.46%. sell-side analysts anticipate that Liberty Global PLC Class A will post -0.02 earnings per share for the current fiscal year.

About Liberty Global PLC Class A

Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe. It offers video services, including digital video programming and audio services starting with a basic video service, video-on-demand, electronic programming guide, various premium channel packages, digital video recorders, various mobile applications, and set-top boxes.

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

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