Coatue Management LLC Trimmed Stake in Liberty Global Plc (LBTYA) as Share Price Declined

Liberty Global plc (NASDAQ:LBTYA) Logo

Coatue Management Llc decreased its stake in Liberty Global Plc (LBTYA) by 32.86% based on its latest 2018Q3 regulatory filing with the SEC. Coatue Management Llc sold 1.08M shares as the company’s stock declined 14.93% with the market. The hedge fund held 2.21 million shares of the television services company at the end of 2018Q3, valued at $74.89M, down from 3.29 million at the end of the previous reported quarter. Coatue Management Llc who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $15.92B market cap company. The stock increased 2.97% or $0.62 during the last trading session, reaching $21.53. About 806,125 shares traded. Liberty Global plc (NASDAQ:LBTYA) has declined 24.33% since January 14, 2018 and is downtrending. It has underperformed by 24.33% the S&P500.

Coatue Management Llc, which manages about $14.38 billion and $12.24B US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 593,589 shares to 5.83M shares, valued at $1.01B in 2018Q3, according to the filing.

Analysts await Liberty Global plc (NASDAQ:LBTYA) to report earnings on February, 13. They expect $0.17 earnings per share, up 125.00 % or $0.85 from last year’s $-0.68 per share. LBTYA’s profit will be $125.73 million for 31.66 P/E if the $0.17 EPS becomes a reality. After $-0.56 actual earnings per share reported by Liberty Global plc for the previous quarter, Wall Street now forecasts -130.36 % EPS growth.

Liberty Global plc (NASDAQ:LBTYA) Ratings Chart

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