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Should You Add LIBERTY GLOBAL PLC (LBTYK) to Your Portfolio?

Seeing as LIBERTY GLOBAL PLC (NASDAQ:LBTYK) has experienced bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there is a sect of money managers that elected to cut their entire stakes during the third quarter. Interestingly, First Eagle Investment Management cut the largest investment of the “upper crust” of funds followed by Insider Monkey, totaling about $435.4 million in stock. Peter Adam Hochfelder’s fund, Brahman Capital, also cut its stock, about $131.2 million worth.

Let’s also examine hedge fund activity in other stocks similar to LIBERTY GLOBAL PLC (NASDAQ:LBTYK). These stocks are Manulife Financial Corporation (USA) (NYSE:MFC), Equinix Inc (NASDAQ:EQIX), eBay Inc (NASDAQ:EBAY), and NXP Semiconductors NV (NASDAQ:NXPI). This group of stocks’ market caps match LBTYK’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MFC 13 197047 -3
EQIX 42 2131549 1
EBAY 53 3708761 -5
NXPI 78 2623678 21

As you can see these stocks had an average of 47 investors holding shares and the average amount invested in these stocks was $2.17 billion. That figure was $5.71 billion in LBTYK’s case. NXP Semiconductors NV (NASDAQ:NXPI) is the most popular stock in this table with 78 funds holding shares. On the other hand Manulife Financial Corporation (USA) (NYSE:MFC) is the least popular one with only 13 bullish hedge fund positions. LIBERTY GLOBAL PLC (NASDAQ:LBTYK) 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 NXP Semiconductors NV (NASDAQ:NXPI) might be a better candidate to consider a long position.

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