Sq Advisors Stake in Liberty Global Plc (LBTYK) Increased as Stock Declined; Roystone Capital Management LP Trimmed Position in Liberty Interactive (QVCA) by $15.86 Million

February 15, 2018 - By Jacob Smith

Lou Simpson increased its stake in Liberty Global Plc (LBTYK) by 0.12% based on its latest 2017Q3 regulatory filing with the SEC. Sq Advisors Llc bought 11,748 shares as the company’s stock declined 17.26% while stock markets rallied. The hedge fund run by Lou Simpson held 9.81M shares of the television services company at the end of 2017Q3, valued at $320.77 million, up from 9.80 million at the end of the previous reported quarter. Sq Advisors Llc who had been investing in Liberty Global Plc for a number of months, seems to be bullish on the $34.24B market cap company. The stock decreased 1.37% or $0.48 during the last trading session, reaching $34.44. About 859,909 shares traded. Liberty Global plc (NASDAQ:LBTYK) has declined 6.78% since February 15, 2017 and is downtrending. It has underperformed by 23.48% the S&P500.

Richard Barrera decreased its stake in Liberty Interactive Corp (QVCA) by 53.61% based on its latest 2017Q3 regulatory filing with the SEC. Roystone Capital Management Lp sold 689,600 shares as the company’s stock rose 23.01% with the market. The hedge fund run by Richard Barrera held 596,700 shares of the catalog and specialty distribution company at the end of 2017Q3, valued at $14.06 million, down from 1.29 million at the end of the previous reported quarter. Roystone Capital Management Lp who had been investing in Liberty Interactive Corp for a number of months, seems to be less bullish one the $13.48 billion market cap company. The stock decreased 0.36% or $0.1 during the last trading session, reaching $27.87. About 639,545 shares traded. QVC Group (NASDAQ:QVCA) has declined 6.46% since February 15, 2017 and is downtrending. It has underperformed by 23.16% the S&P500.

Among 14 analysts covering Liberty Interactive (NASDAQ:QVCA), 12 have Buy rating, 1 Sell and 1 Hold. Therefore 86% are positive. Liberty Interactive had 29 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Aegis Capital with “Buy” on Tuesday, May 30. The stock of QVC Group (NASDAQ:QVCA) earned “Outperform” rating by FBN Securities on Wednesday, August 10. The rating was maintained by UBS on Friday, November 10 with “Buy”. The stock has “Buy” rating by Axiom Capital on Thursday, August 6. FBR Capital maintained the stock with “Buy” rating in Thursday, July 20 report. FBR Capital maintained QVC Group (NASDAQ:QVCA) rating on Friday, July 7. FBR Capital has “Buy” rating and $2800 target. As per Friday, August 12, the company rating was maintained by FBR Capital. The company was downgraded on Thursday, September 28 by Citigroup. The stock has “Buy” rating by Craig Hallum on Monday, July 10. The firm has “Buy” rating given on Wednesday, January 3 by FBN Securities.

Analysts await QVC Group (NASDAQ:QVCA) to report earnings on February, 27. They expect $0.63 EPS, up 10.53% or $0.06 from last year’s $0.57 per share. QVCA’s profit will be $304.74 million for 11.06 P/E if the $0.63 EPS becomes a reality. After $0.40 actual EPS reported by QVC Group for the previous quarter, Wall Street now forecasts 57.50% EPS growth.

Roystone Capital Management Lp, which manages about $1.66B and $1.21 billion US Long portfolio, upped its stake in Synchrony Finl (NYSE:SYF) by 186,500 shares to 1.31 million shares, valued at $40.70 million in 2017Q3, according to the filing. It also increased its holding in Integrated Device Technology (NASDAQ:IDTI) by 482,600 shares in the quarter, for a total of 838,000 shares, and has risen its stake in Alliance Data Systems Corp (NYSE:ADS).

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