As Liberty Global Plc (LBTYA) Shares Declined, Artisan Partners Limited Partnership Has Cut Its Stake

February 12, 2018 - By Louis Casey

Artisan Partners Limited Partnership decreased its stake in Liberty Global Plc (LBTYA) by 11.86% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 1.17 million shares as the company’s stock declined 18.04% while stock markets rallied. The institutional investor held 8.71 million shares of the television services company at the end of 2017Q3, valued at $295.39M, down from 9.88M at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $34.47B market cap company. The stock increased 1.79% or $0.6301 during the last trading session, reaching $35.7501. About 1.01M shares traded. Liberty Global plc (NASDAQ:LBTYA) has declined 3.90% since February 12, 2017 and is downtrending. It has underperformed by 20.60% the S&P500.

Artisan Partners Limited Partnership, which manages about $54.11B US Long portfolio, upped its stake in Smith A O (NYSE:AOS) by 147,835 shares to 1.64M shares, valued at $97.58 million in 2017Q3, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 1.63 million shares in the quarter, for a total of 15.75 million shares, and has risen its stake in Ecolab Inc (NYSE:ECL).

Analysts await Liberty Global plc (NASDAQ:LBTYA) to report earnings on February, 15. They expect $-0.16 EPS, down 106.53 % or $2.61 from last year’s $2.45 per share. After $-0.55 actual EPS reported by Liberty Global plc for the previous quarter, Wall Street now forecasts -70.91 % EPS growth.

More notable recent Liberty Global plc (NASDAQ:LBTYA) news were published by: Businesswire.com which released: “Liberty Global Announces Distribution of LiLAC Group Shares to Liberty Global …” on June 02, 2016, also Businesswire.com with their article: “Liberty Global Launches LiLAC Tracking Stock” published on July 01, 2015, Businesswire.com published: “Liberty Global Announces New $2 Billion Share Repurchase Program” on December 18, 2017. More interesting news about Liberty Global plc (NASDAQ:LBTYA) were released by: Globenewswire.com and their article: “Liberty Latin America Completes Split-Off from Liberty Global” published on January 02, 2018 as well as Businesswire.com‘s news article titled: “Liberty Global Announces Final Ratio for LiLAC Group Share Distribution to …” with publication date: June 20, 2016.

Liberty Global plc (NASDAQ:LBTYA) Ratings Coverage

Among 15 analysts covering Liberty Global (NASDAQ:LBTYA), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Liberty Global had 49 analyst reports since August 6, 2015 according to SRatingsIntel. Goldman Sachs maintained the shares of LBTYA in report on Friday, September 16 with “Buy” rating. The stock of Liberty Global plc (NASDAQ:LBTYA) earned “Overweight” rating by Barclays Capital on Wednesday, March 30. Buckingham Research initiated Liberty Global plc (NASDAQ:LBTYA) rating on Friday, September 29. Buckingham Research has “Buy” rating and $44.0 target. The company was maintained on Friday, February 2 by Jefferies. On Tuesday, December 6 the stock rating was initiated by Societe Generale with “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 16 report. Buckingham Research maintained Liberty Global plc (NASDAQ:LBTYA) on Monday, February 5 with “Buy” rating. The firm has “Equal-Weight” rating given on Monday, January 23 by Morgan Stanley. Morgan Stanley maintained it with “Equal-Weight” rating and $38 target in Monday, August 7 report. The firm earned “Buy” rating on Wednesday, August 9 by RBC Capital Markets.

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