SEC Filings On Watch: Coatue Management LLC Upped Its Stake in Liberty Global Plc (LBTYK) as Stock Price Rose

SEC Filings On Watch: Coatue Management LLC Upped Its Stake in Liberty Global Plc (LBTYK) as Stock Price Rose

Philippe Laffont increased its stake in Liberty Global Plc (LBTYK) by 17.69% based on its latest 2016Q3 regulatory filing with the SEC. Coatue Management Llc bought 1.16 million shares as the company’s stock rose 13.93% with the market. The hedge fund run by Philippe Laffont held 7.70M shares of the television services company at the end of 2016Q3, valued at $254.43 million, up from 6.54 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 bullish on the $20.90B market cap company. The stock is up 1.56% or $0.51 after the positive news, hitting $33.22 per share. About 1.71M shares traded hands. Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK) has declined 13.65% since June 7, 2016 and is downtrending. It has underperformed by 21.07% the S&P500.

Coatue Management Llc, which manages about $14.38B and $8.15 billion US Long portfolio, decreased its stake in Broadcom Ltd by 126,547 shares to 1.94M shares, valued at $334.87 million in 2016Q3, according to the filing. It also reduced its holding in Liberty Broadband Corp by 243,161 shares in the quarter, leaving it with 8.65 million shares, and cut its stake in Illumina Inc (NASDAQ:ILMN).

Philippe Laffont graduated with his M.S. in Computer Science from MIT in 1989. Laffont worked with Julian Robertson’s Tiger Management before founding Coatue Management in 1999. Coatue is a tech-focused hedge fund specializing in long/short equity. Coatue Management Llc is a New York-based hedge fund that was founded by Philippe Laffont. It had more than $14.38 billion assets under management in June, 2014. Taken from Coatue Management latest Adv, the fund reported to have 73 full and part-time employees. Among which 27 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

More important recent Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK) news were published by: Businesswire.com which released: “Liberty Global Launches LiLAC Tracking Stock” on July 01, 2015, also Businesswire.com published article titled: “Liberty Global Increases Buyback Program by $1 Billion”, Businesswire.com published: “Liberty Global Announces Recommended Share Acquisition of Cable & Wireless …” on November 16, 2015. More interesting news about Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK) was released by: Businesswire.com and their article: “Liberty Global Completes Acquisition of Cable & Wireless Communications Plc” with publication date: May 16, 2016.

According to Zacks Investment Research, “Liberty Global, Inc. is a cable operator offering advanced video, voice and broadband internet services principally in Europe, Chile, and Australia. The Company offers video services through DTH or through multichannel multipoint (microwave) distribution systems (MMDS). It also provides voice-over-internet-protocol, or VoIP, telephony services and circuit-switched telephony services. Liberty owns programming networks that distribute their services through a number of distribution technologies, principally cable television and DTH.”

LBTYK Company Profile

Liberty Global plc (Liberty Global), incorporated on January 29, 2013, is a well-known provider of video, broadband Internet, fixed-line telephony and mobile services. The Firm operates through divisions, including European Operations Division and LiLAC Division. The Company’s European Operations Division includes the United Kingdom/Ireland, the Netherlands, Germany, Belgium, Switzerland/Austria, and Central and Eastern Europe. The Company’s LiLAC Division includes Chile and Puerto Rico. Through its subsidiary, Virgin Media Inc. (Virgin Media), the Company provides video, broadband Internet, fixed-line telephony and mobile services in the United Kingdom and Ireland. Through Ziggo Group Holding B.V. (Ziggo Group Holding), Unitymedia GmbH (Unitymedia) and Telenet Group Holding N.V. (Telenet), the Company provides video, broadband Internet, fixed-line telephony and mobile services in the Netherlands, Germany and Belgium, respectively. Through its subsidiary, UPC Holding B.V. (UPC Holding), the Company provides video, broadband Internet and fixed-line telephony services in over seven other European countries and mobile services in over four other European countries. In Chile, the Company provides video, broadband Internet, fixed-line telephony and mobile services through its subsidiary, VTR GlobalCom SpA (VTR). In Puerto Rico, it provides video, broadband Internet and fixed-line telephony services through Liberty Cablevision of Puerto Rico LLC (Liberty Puerto Rico).

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