The Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Position in Liberty Global PLC (LBTYA)

The Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Position in Liberty Global PLC (LBTYA)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Liberty Global PLC (NASDAQ:LBTYA) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 40,761 shares of the company’s stock after buying an additional 1,031 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Liberty Global PLC were worth $1,393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Third Point LLC bought a new position in Liberty Global PLC during the second quarter worth approximately $58,120,000. Manning & Napier Advisors LLC raised its position in Liberty Global PLC by 12.1% in the second quarter. Manning & Napier Advisors LLC now owns 12,546,582 shares of the company’s stock worth $364,602,000 after buying an additional 1,355,210 shares during the last quarter. Coatue Management LLC raised its position in Liberty Global PLC by 25.6% in the second quarter. Coatue Management LLC now owns 6,385,880 shares of the company’s stock worth $185,574,000 after buying an additional 1,302,103 shares during the last quarter. Brave Warrior Advisors LLC bought a new position in Liberty Global PLC during the second quarter worth approximately $36,891,000. Finally, Route One Investment Company L.P. bought a new position in Liberty Global PLC during the second quarter worth approximately $34,727,000. 23.49% of the stock is owned by institutional investors and hedge funds.

Liberty Global PLC (NASDAQ:LBTYA) traded up 1.19% during mid-day trading on Thursday, hitting $34.94. The company had a trading volume of 2,569,717 shares. Liberty Global PLC has a 1-year low of $26.16 and a 1-year high of $35.48. The stock has a 50 day moving average price of $31.49 and a 200-day moving average price of $31.84. The stock’s market capitalization is $31.67 billion.

A number of equities research analysts recently issued reports on LBTYA shares. Zacks Investment Research upgraded Liberty Global PLC from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Monday, October 17th. Wunderlich lowered their price target on Liberty Global PLC from $49.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. TheStreet downgraded Liberty Global PLC from a “hold” rating to a “sell” rating in a research report on Monday, November 7th. Finally, Societe Generale assumed coverage on Liberty Global PLC in a research report on Tuesday, December 6th. They set a “buy” rating and a $48.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Liberty Global PLC has an average rating of “Buy” and a consensus target price of $43.18.

In related news, EVP Bryan H. Hall purchased 5,900 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were acquired at an average price of $20.03 per share, for a total transaction of $118,177.00. Following the purchase, the executive vice president now directly owns 23,429 shares in the company, valued at $469,282.87. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul A. Gould purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was bought at an average price of $20.21 per share, for a total transaction of $202,100.00. Following the purchase, the director now owns 77,021 shares in the company, valued at $1,556,594.41. The disclosure for this purchase can be found here. Corporate insiders own 3.93% of the company’s stock.

About Liberty Global PLC

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.

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