New Mountain Vantage Advisers L.L.C. trimmed its holdings in Liberty Global PLC (NASDAQ:LBTYA) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 823,344 shares of the company’s stock after selling 35,609 shares during the period. Liberty Global comprises about 0.8% of New Mountain Vantage Advisers L.L.C.’s investment portfolio, making the stock its 19th largest holding. New Mountain Vantage Advisers L.L.C.’s holdings in Liberty Global were worth $22,222,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Mycio Wealth Partners LLC acquired a new position in shares of Liberty Global during the second quarter worth about $25,000. Atria Investments LLC acquired a new position in shares of Liberty Global during the second quarter worth about $338,000. Tower Research Capital LLC TRC boosted its position in shares of Liberty Global by 38.1% during the second quarter. Tower Research Capital LLC TRC now owns 8,985 shares of the company’s stock worth $242,000 after buying an additional 2,481 shares during the period. TD Asset Management Inc. acquired a new position in shares of Liberty Global during the first quarter worth about $241,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Liberty Global by 9.6% during the second quarter. Envestnet Asset Management Inc. now owns 10,551 shares of the company’s stock worth $285,000 after buying an additional 920 shares during the period. 23.16% of the stock is owned by institutional investors.
NASDAQ:LBTYA traded down $0.78 on Tuesday, hitting $27.26. The company’s stock had a trading volume of 1,185,694 shares, compared to its average volume of 3,232,643. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 7.15. The stock has a fifty day moving average of $26.62 and a two-hundred day moving average of $26.48. The firm has a market capitalization of $20.74 billion, a P/E ratio of -13.84 and a beta of 1.48. Liberty Global PLC has a one year low of $19.88 and a one year high of $29.55.
Several research analysts have recently weighed in on the company. Pivotal Research reaffirmed a “buy” rating and set a $31.00 price objective on shares of Liberty Global in a research report on Sunday, June 30th. BidaskClub raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. Benchmark assumed coverage on Liberty Global in a research report on Thursday, July 25th. They set a “buy” rating and a $34.00 price objective for the company. Societe Generale set a $36.00 price objective on Liberty Global and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Finally, New Street Research cut Liberty Global from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Liberty Global presently has a consensus rating of “Hold” and an average target price of $31.42.
Liberty Global Company 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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