Allianz Asset Management GmbH Buys 253,169 Shares of Liberty Global PLC $LILAK

Allianz Asset Management GmbH raised its stake in shares of Liberty Global PLC (NASDAQ:LILAK) by 24.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,287,750 shares of the company’s stock after purchasing an additional 253,169 shares during the quarter. Allianz Asset Management GmbH owned 0.64% of Liberty Global worth $10,869,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LILAK. Raymond James Financial Inc. bought a new position in Liberty Global during the second quarter valued at about $30,000. PNC Financial Services Group Inc. grew its holdings in shares of Liberty Global by 45.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock worth $36,000 after purchasing an additional 1,797 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Liberty Global during the third quarter valued at approximately $50,000. Headlands Technologies LLC raised its stake in shares of Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after purchasing an additional 3,934 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in Liberty Global in the second quarter worth $66,000. Institutional investors own 52.98% of the company’s stock.

Analyst Ratings Changes

LILAK has been the topic of several analyst reports. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $8.20.

Liberty Global Stock Up 3.2%

LILAK opened at $8.08 on Monday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day simple moving average is $7.84 and its 200-day simple moving average is $7.96. Liberty Global PLC has a twelve month low of $4.23 and a twelve month high of $9.13.

Liberty Global Company Profile

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.