American Century Companies Inc. Purchases 430,251 Shares of Liberty Global Ltd $LBTYK

Key Points

• American Century Companies Inc. increased its investment in Liberty Global Ltd by 61.4%, acquiring an additional 430,251 shares during the first quarter, bringing its total to 1,130,613 shares valued at approximately $13.5 million.
• Liberty Global reported (8.09) earnings per share for the last quarter, significantly missing analysts' estimates of (0.44), alongside a revenue of $1.27 billion.
• Insider activity included significant share sales by CFO Charles H. R. Bracken and CAO Jason Waldron, who sold 60,000 and 34,380 shares, representing decreases of 64.36% and 80.40% in their holdings, respectively.

American Century Companies Inc. grew its stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 61.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,130,613 shares of the company's stock after acquiring an additional 430,251 shares during the period. American Century Companies Inc. owned 0.32% of Liberty Global worth $13,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming purchased a new position in shares of Liberty Global during the 4th quarter valued at $33,000. Parallel Advisors LLC raised its holdings in shares of Liberty Global by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock valued at $61,000 after purchasing an additional 1,059 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Liberty Global by 1,176.4% during the 1st quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock valued at $78,000 after purchasing an additional 6,035 shares in the last quarter. CWM LLC raised its holdings in shares of Liberty Global by 19.1% during the 1st quarter. CWM LLC now owns 7,190 shares of the company's stock valued at $86,000 after purchasing an additional 1,155 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Liberty Global by 19.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company's stock valued at $100,000 after purchasing an additional 1,333 shares in the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Up 0.3%

Shares of Liberty Global stock traded up $0.03 during midday trading on Friday, reaching $11.95. 847,208 shares of the company's stock traded hands, compared to its average volume of 1,088,510. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -1.22 and a beta of 1.11. The company's 50 day simple moving average is $10.77 and its 200 day simple moving average is $10.87. 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 $9.21 and a 52 week high of $22.14.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.44) by ($7.65). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%.

Insider Activity

In other news, CAO Jason Waldron sold 34,380 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $11.55, for a total transaction of $397,089.00. Following the transaction, the chief accounting officer owned 8,383 shares in the company, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Miranda Curtis sold 42,600 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.77, for a total transaction of $501,402.00. Following the transaction, the director owned 129,305 shares in the company, valued at $1,521,919.85. This represents a 24.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,980 shares of company stock worth $1,577,091. 9.86% 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.