Is Liberty Global (LBTYA) A Great Long-Term Investment?

Weitz Investment Management, an investment management firm, published its “Partners III Opportunity Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A return of -0.06% was recorded by the fund in the third quarter of 2021, compared to +0.58% for the S&P 500 and -0.10% for the Russell 3000 for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Weitz Investment Management Partners III Opportunity Fund, in its Q3 2021 investor letter, mentioned Liberty Global plc (NASDAQ: LBTYA) and discussed its stance on the firm. Liberty Global plc is a London, United Kingdom-based telecommunications company with a $15.2 billion market capitalization. LBTYA delivered a 15.24% return since the beginning of the year, while its 12-month returns are up by 23.33%. The stock closed at $28.11 per share on November 19, 2021.

Here is what Weitz Investment Management Partners III Opportunity Fund has to say about Liberty Global plc  in its Q3 2021 investor letter:

“Liberty Global shares also rallied as investors cheered management’s sale of the company’s operations in Poland as well as its commitment to repurchase 10% of shares outstanding annually through 2023.”

Photo by Mika Baumeister on Unsplash

Based on our calculations, Liberty Global plc (NASDAQ: LBTYA) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. LBTYA was in 30 hedge fund portfolios at the end of the first half of 2021, compared to 35 funds in the previous quarter. Liberty Global plc (NASDAQ: LBTYA) delivered a 1.82% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.