Is Liberty Global PLC LiLAC Class C (LILAK) a Good Stock To Buy?

Seeing as Liberty Global PLC LiLAC Class C (NASDAQ:LILAK) has experienced bearish sentiment from the entirety of the hedge funds we track, we can see that there was a specific group of hedgies who were dropping their positions entirely in the third quarter. Interestingly, First Eagle Investment Management said goodbye to the biggest position of the 700 funds tracked by Insider Monkey, totaling close to $76.4 million in stock, and Will Snellings’ Marianas Fund Management was right behind this move, as the fund dumped about $34.2 million worth of shares. These bearish behaviors are interesting, as total hedge fund interest fell by 19 funds in the third quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Liberty Global PLC LiLAC Class C (NASDAQ:LILAK) but similarly valued. We will take a look at Air Products & Chemicals, Inc. (NYSE:APD), Wipro Limited (ADR) (NYSE:WIT), Liberty Global PLC LiLAC Class A (NASDAQ:LILA), and IntercontinentalExchange Inc (NYSE:ICE). This group of stocks’ market values match LILAK’s market value.

As you can see these stocks had an average of 38 hedge funds with bullish positions at the end of September and the average amount invested in these stocks was $1.80 billion, which compares  to $941 million in LILAK’s case. Air Products & Chemicals, Inc. (NYSE:APD) is the most popular stock in this table. On the other hand Wipro Limited (ADR) (NYSE:WIT) is the least popular one with only 8 bullish hedge fund positions. Liberty Global PLC LiLAC Class C (NASDAQ:LILAK) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Air Products & Chemicals, Inc. (NYSE:APD) might be a better candidate to consider a long position.