Renaissance Technologies LLC Increases Stock Position in Liberty Global PLC (NASDAQ:LBTYA)

Renaissance Technologies LLC lifted its holdings in shares of Liberty Global PLC (NASDAQ:LBTYA) by 20.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,227,987 shares of the company’s stock after buying an additional 206,700 shares during the quarter. Renaissance Technologies LLC owned about 0.17% of Liberty Global worth $33,143,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cove Street Capital LLC lifted its stake in Liberty Global by 6.3% in the 1st quarter. Cove Street Capital LLC now owns 160,565 shares of the company’s stock worth $4,001,000 after purchasing an additional 9,500 shares in the last quarter. SG Americas Securities LLC lifted its stake in Liberty Global by 366.1% in the 1st quarter. SG Americas Securities LLC now owns 40,467 shares of the company’s stock worth $1,008,000 after purchasing an additional 31,785 shares in the last quarter. Raymond James & Associates lifted its stake in Liberty Global by 39.5% in the 1st quarter. Raymond James & Associates now owns 86,907 shares of the company’s stock worth $2,166,000 after purchasing an additional 24,609 shares in the last quarter. Toronto Dominion Bank lifted its stake in Liberty Global by 31.7% in the 1st quarter. Toronto Dominion Bank now owns 33,602 shares of the company’s stock worth $837,000 after purchasing an additional 8,090 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Liberty Global by 0.6% in the 2nd quarter. First Trust Advisors LP now owns 167,843 shares of the company’s stock worth $4,530,000 after purchasing an additional 985 shares in the last quarter. Institutional investors own 23.21% of the company’s stock.

Shares of NASDAQ:LBTYA traded up $0.15 during trading on Friday, reaching $28.42. The company had a trading volume of 129,141 shares, compared to its average volume of 3,019,814. The company has a fifty day moving average of $26.58 and a two-hundred day moving average of $26.44. The stock has a market capitalization of $20.25 billion, a P/E ratio of -14.39 and a beta of 1.48. Liberty Global PLC has a 12 month low of $19.88 and a 12 month high of $29.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 7.15.

Liberty Global (NASDAQ:LBTYA) last released its earnings results on Thursday, August 8th. The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.89). Liberty Global had a net margin of 9.11% and a negative return on equity of 26.88%. The business had revenue of $2.85 billion for the quarter. As a group, equities research analysts predict that Liberty Global PLC will post -1.19 earnings per share for the current year.

Several analysts have issued reports on the stock. Benchmark assumed coverage on shares of Liberty Global in a research note on Thursday, July 25th. They issued a “buy” rating and a $34.00 target price on the stock. New Street Research lowered shares of Liberty Global from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. Pivotal Research reissued a “buy” rating and issued a $31.00 price target on shares of Liberty Global in a report on Sunday, June 30th. BidaskClub raised shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. Finally, Societe Generale set a $36.00 price target on shares of Liberty Global and gave the stock a “buy” rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Liberty Global presently has a consensus rating of “Hold” and an average price target of $31.42.

Liberty Global Profile

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 (NASDAQ:LBTYA)

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