Tomahawk, WI 03/05/2014 (Basicsmedia) – Liberty Global Plc – Class A Ordinary Shares (NASDAQ:LBTYA) is one of the stocks held by Berkshire Hathaway Inc. (NYSE:BRK.B). The investment vehicle of billionaire Warren Buffett disclosed in a recent regulatory filing that it owns about $246 million shares.

Will LBTYA Continue Its Upward Journey

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As of December 31, Berkshire Hathaway Inc. (NYSE:BRK.B) held 2.95 million shares of Liberty Global Plc – Class A Ordinary Shares (NASDAQ:LBTYA). Shares of the London-headquartered company fell to $83.60 – about 0.6 percent loss – before Berkshire Hathaway Inc. (NYSE:BRK.B) disclosed its position, but managed to pick up thereafter until the recent big plunge.

Shares of Liberty Global Plc – Class A Ordinary Shares (NASDAQ:LBTYA) took a turn for the worse, losing 48.99 percent from the past closing of $84.92. The stock was last seen changing hands in the range of $42.85 and $44.15, with a larger volume than normal being traded.

Narrow Loss

Liberty Global Plc – Class A Ordinary Shares (NASDAQ:LBTYA), a wire company that functions in about 14 countries, reported earnings mid last month. The company’s fourth quarter showed that its loss had narrowed compared to the corresponding quarter a year ago.

The overall loss was $121.2 million, reflecting 31 cents per share loss. That compared with loss of $331.3 million, reflecting $1.27 per share that was realized a year prior. In the most recent quarter, revenue was up 71 percent to $4.47 billion. Nonetheless, Thomson Reuters poll showed than analysts expected revenue of $4.6 billion and profit of 4 cents.

Explaining strong revenue

Liberty Global Plc – Class A Ordinary Shares (NASDAQ:LBTYA)’s strong revenue was helped by gains from Virgin Media. In its aggressive efforts towards global expansion, and with special focus on Europe, the company signed Virgin Media in June last year for about $14.1 billion. It seems acquiring Virgin Media was one of the best things to have happened to the company in 2013.

As the management of Liberty Global Plc – Class A Ordinary Shares (NASDAQ:LBTYA) sets its eyes on global growth, narrowing scope has also been on the cards. The company in November gave up its content division for roughly $1 billion. This move has allowed LBTYA to direct greater attention to core markets.

Investor Takeaway

Liberty Global Plc – Class A Ordinary Shares (NASDAQ:LBTYA) is benefiting from the switch of customers to digital services. The company reported recently that it added about 413,000 new subscribers.  On the average, analysts seem not be concerned about the plunge of LBTYA. The stock has had its rating revised in the past 7 days and the consensus rating is “buy” and the price objective is $95.42.

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