Hedge Funds Are Selling Liberty Global plc – Class A Ordinary Shares (LILA): Did You Miss the Bearish Thesis?

Since Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) has encountered bearish sentiment from hedge fund managers, logic holds that there exists a select few money managers that decided to sell off their full holdings last quarter. It’s worth mentioning that Philippe Laffont’s Coatue Management said goodbye to the biggest investment of the “upper crust” of funds watched by Insider Monkey, worth about $25.7 million in stock. Larry Robbins’ fund, Glenview Capital, also dumped its stock, about $16.7 million worth.

Let’s go over hedge fund activity in other stocks similar to Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA). These stocks are Computer Sciences Corporation (NYSE:CSC), CIT Group Inc. (NYSE:CIT), Domino’s Pizza, Inc. (NYSE:DPZ), and Camden Property Trust (NYSE:CPT). This group of stocks’ market values are similar to LILA’s market value.

As you can see these stocks had an average of 25 hedge funds with bullish positions and the average amount invested in these stocks was $1.09 billion. That figure was $350 million in LILA’s case. Domino’s Pizza, Inc. (NYSE:DPZ) is the most popular stock in this table. On the other hand Camden Property Trust (NYSE:CPT) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Liberty Global plc – Class A Ordinary Shares (NASDAQ:LILA) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None