California Public Employees Retirement System Cuts Stake in Liberty Global PLC (NASDAQ:LILA)

California Public Employees Retirement System reduced its position in shares of Liberty Global PLC (NASDAQ:LILA) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,580 shares of the company’s stock after selling 3,600 shares during the period. California Public Employees Retirement System’s holdings in Liberty Global PLC were worth $1,837,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LILA. Norges Bank bought a new stake in shares of Liberty Global PLC during the fourth quarter worth about $15,939,000. OppenheimerFunds Inc. increased its stake in shares of Liberty Global PLC by 62.4% in the first quarter. OppenheimerFunds Inc. now owns 878,410 shares of the company’s stock worth $19,536,000 after buying an additional 337,650 shares in the last quarter. Vivaldi Capital Management LLC acquired a new stake in shares of Liberty Global PLC during the first quarter worth $7,499,239,000. Oxford Asset Management acquired a new stake in shares of Liberty Global PLC during the first quarter worth $1,490,000. Finally, S&CO Inc. increased its stake in shares of Liberty Global PLC by 11.9% in the first quarter. S&CO Inc. now owns 469,448 shares of the company’s stock worth $10,441,000 after buying an additional 49,770 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Liberty Global PLC (LILA) traded up 1.66% on Friday, reaching $26.99. 360,399 shares of the company’s stock traded hands. The firm’s 50-day moving average is $24.57 and its 200 day moving average is $22.83. Liberty Global PLC has a 52-week low of $19.10 and a 52-week high of $30.13. The stock’s market capitalization is $4.63 billion.

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A number of brokerages recently weighed in on LILA. Morgan Stanley downgraded shares of Liberty Global PLC from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $22.00 to $26.00 in a research report on Thursday. Royal Bank Of Canada downgraded shares of Liberty Global PLC from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $30.00 to $28.50 in a research report on Monday, July 24th. Zacks Investment Research raised shares of Liberty Global PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of Liberty Global PLC from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Macquarie reaffirmed a “buy” rating and set a $29.00 price objective on shares of Liberty Global PLC in a research report on Monday, May 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $30.50.

Institutional Ownership by Quarter for Liberty Global PLC (NASDAQ:LILA)

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