5 Best Value Stocks To Buy Now According To Seth Klarman

2. Liberty Global plc (NASDAQ: LBTYK)

British-Dutch-American multinational telecommunications company Liberty Global (NASDAQ: LBYT) is the second-largest stock holding of Baupost Group, according to the latest filings. Liberty Global currently holds 12.09% space in Klarman’s portfolio valued at $1.12 billion. The firm first initiated a position during the third quarter of 2018 and it has left its position unchanged in the latest quarter.

Liberty Global’s share price is up 10% this year. The investors have appreciated the company’s move of acquiring Sunrise in Switzerland and a joint venture with Telefonica’s in the U.K. In addition, the British-Dutch-American multinational telecommunications company has also supported investor’s sentiments through its aggressive share buyback plans.

The CEO Mike Fries said, “As the COVID-19 pandemic has altered the way we all work and live, our fiber-rich networks continue to deliver seamless connectivity that has never been more crucial. During the quarter, we continued to see strong demand for our high-speed connectivity products, adding 37,000 new customer relationships and over 70,000 broadband subscribers.”