Liberty Global plc – Class A (LBTYA) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in shares of Liberty Global plc – Class A (NASDAQ:LBTYA) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,495 shares of the company’s stock after selling 10,578 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Liberty Global plc – Class A were worth $4,498,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Liberty Global plc – Class A by 13.2% in the fourth quarter. BlackRock Inc. now owns 9,078,446 shares of the company’s stock valued at $325,371,000 after acquiring an additional 1,061,655 shares during the period. Mackenzie Financial Corp boosted its position in shares of Liberty Global plc – Class A by 10.3% in the third quarter. Mackenzie Financial Corp now owns 4,055,834 shares of the company’s stock valued at $137,533,000 after acquiring an additional 378,129 shares during the period. Farallon Capital Management LLC boosted its position in shares of Liberty Global plc – Class A by 9.3% in the fourth quarter. Farallon Capital Management LLC now owns 3,270,180 shares of the company’s stock valued at $117,203,000 after acquiring an additional 277,245 shares during the period. Hosking Partners LLP boosted its position in shares of Liberty Global plc – Class A by 7.5% in the fourth quarter. Hosking Partners LLP now owns 1,321,942 shares of the company’s stock valued at $47,378,000 after acquiring an additional 92,657 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Liberty Global plc – Class A by 4.9% in the fourth quarter. Macquarie Group Ltd. now owns 1,046,902 shares of the company’s stock valued at $37,554,000 after acquiring an additional 48,523 shares during the period. 23.51% of the stock is owned by hedge funds and other institutional investors.

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In related news, Director David E. Rapley sold 6,750 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $33.82, for a total transaction of $228,285.00. Following the completion of the sale, the director now owns 8,045 shares of the company’s stock, valued at $272,081.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.93% of the company’s stock.

LBTYA opened at $31.31 on Monday. Liberty Global plc – Class A has a twelve month low of $28.17 and a twelve month high of $39.73. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $25,337.59, a P/E ratio of -13.67, a PEG ratio of 5.59 and a beta of 1.67.

Liberty Global plc – Class A (NASDAQ:LBTYA) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.68) earnings per share for the quarter. Liberty Global plc – Class A had a negative return on equity of 21.22% and a negative net margin of 15.83%. The firm had revenue of $3.99 billion for the quarter. analysts anticipate that Liberty Global plc – Class A will post 0.59 EPS for the current fiscal year.

Liberty Global plc – Class A announced that its board has authorized a stock buyback program on Monday, December 18th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

LBTYA has been the subject of a number of recent research reports. BidaskClub raised shares of Liberty Global plc – Class A from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Pivotal Research reissued a “buy” rating and issued a $44.00 target price on shares of Liberty Global plc – Class A in a research report on Tuesday, December 19th. Citigroup set a $43.00 target price on shares of Liberty Global plc – Class A and gave the company a “buy” rating in a research report on Thursday, February 22nd. Sanford C. Bernstein raised shares of Liberty Global plc – Class A from a “market perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research report on Wednesday, March 14th. Finally, Buckingham Research boosted their target price on shares of Liberty Global plc – Class A from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Liberty Global plc – Class A has a consensus rating of “Buy” and an average price target of $41.46.

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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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