American Century Companies Inc. Buys 490,284 Shares of Liberty Global Ltd $LBTYA

American Century Companies Inc. lifted its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 66.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,227,160 shares of the company’s stock after acquiring an additional 490,284 shares during the quarter. American Century Companies Inc. owned approximately 0.36% of Liberty Global worth $14,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in LBTYA. ACR Alpine Capital Research LLC raised its position in shares of Liberty Global by 14.1% during the first quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company’s stock worth $228,305,000 after acquiring an additional 2,458,406 shares during the last quarter. Contour Asset Management LLC bought a new position in shares of Liberty Global during the fourth quarter worth about $25,730,000. Dimensional Fund Advisors LP raised its position in shares of Liberty Global by 22.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company’s stock worth $77,482,000 after acquiring an additional 1,117,935 shares during the last quarter. Bayberry Capital Partners LP bought a new position in shares of Liberty Global during the fourth quarter worth about $13,781,000. Finally, Nuveen LLC bought a new position in shares of Liberty Global during the first quarter worth about $10,809,000. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Trading Down 0.4%

Shares of Liberty Global stock opened at $11.63 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $21.56. The stock has a 50 day moving average price of $10.39 and a two-hundred day moving average price of $10.54. The stock has a market capitalization of $3.96 billion, a PE ratio of -1.19 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.20 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. As a group, equities analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

LBTYA has been the subject of a number of research analyst reports. Citigroup lowered their target price on Liberty Global from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. Benchmark reiterated a “buy” rating and issued a $21.00 target price (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Barclays set a $11.00 target price on Liberty Global and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Berenberg Bank upgraded Liberty Global to a “hold” rating in a report on Thursday, June 26th. Finally, UBS Group lifted their target price on Liberty Global from $10.60 to $11.80 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.26.

Insiders Place Their Bets

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the transaction, the chief financial officer directly owned 33,220 shares in the company, valued at approximately $375,718.20. This represents a 64.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the transaction, the chief accounting officer owned 8,383 shares in the company, valued at $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.51% of the stock is owned by corporate insiders.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.