5 Best Stocks to Invest in Today According to Billionaire Michael Hintze

3. Liberty Global plc (NASDAQ:LBTYA)

Number of Hedge Fund Holders: 27

Percentage of CQS Cayman LP’s 13F holdings: 2.63%

CQS Cayman LP’s Stake Value: $41.93 million

Liberty Global plc (NASDAQ:LBTYA) deals in the provision of broadband internet, voice and video services, as well as equipment related to internet WiFi systems and smart homes. CQS Cayman LP owned 1.51 million shares of Liberty Global plc (NASDAQ:LBTYA) in the fourth quarter worth $41.93 million, signaling a 10% jump in holding over the previous quarter.

On March 24, Credit Suisse analyst Luis Sanchez-Lecaroz upgraded Liberty Global plc (NASDAQ:LBTYA) to ‘Outperform’ from ‘Neutral’ with a revised price target of $35, up from $26. He notes that the firm can get back to growth and sees upside from its fiber and other monetizations.

27 hedge funds were bullish on Liberty Global plc (NASDAQ:LBTYA) in the fourth quarter of 2021, with aggregate positions worth $609.7 million. The largest shareholder in the firm at the close of the fourth quarter was Seth Klarman’s Baupost Group, which held almost 54 million shares valued at $1.51 billion.