American Century Companies Inc. Buys 813,798 Shares of Liberty Global Ltd $LBTYA

Key Points

• American Century raised its stake in Liberty Global by 38.3%, buying 813,798 shares to hold 2,936,165 shares (about 0.87% of the company), valued at roughly $33.65 million at quarter end.
• Liberty Global posted a major quarterly earnings miss with EPS of -$8.60 versus expectations of -$0.46 and negative profitability metrics, though revenue was roughly in line; the stock carries a consensus "Hold" rating with a $14.40 target and a $4.2 billion market cap.
• CFO Charles H. R. Bracken sold 33,220 shares in December, insiders now own 13.29% of the stock, and institutional investors hold about 37.2% of the company.

American Century Companies Inc. lifted its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 38.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,936,165 shares of the company's stock after purchasing an additional 813,798 shares during the period. American Century Companies Inc. owned 0.87% of Liberty Global worth $33,648,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Liberty Global by 79.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company's stock worth $28,000 after acquiring an additional 1,238 shares in the last quarter. Rothschild Investment LLC grew its position in shares of Liberty Global by 207.4% in the 3rd quarter. Rothschild Investment LLC now owns 2,982 shares of the company's stock valued at $34,000 after acquiring an additional 2,012 shares during the period. AlphaCore Capital LLC bought a new position in shares of Liberty Global in the 2nd quarter valued at about $46,000. MAI Capital Management increased its stake in shares of Liberty Global by 27.5% during the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company's stock worth $52,000 after purchasing an additional 983 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Liberty Global in the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 37.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Thursday, January 22nd. UBS Group boosted their price target on Liberty Global from $11.80 to $12.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 3rd. Finally, Citigroup raised their price objective on Liberty Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $14.40.

Liberty Global Stock Down 2.5%

NASDAQ LBTYA opened at $12.54 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.79. The company has a market cap of $4.20 billion, a price-to-earnings ratio of -0.60 and a beta of 1.02. The company has a 50 day moving average of $11.39 and a 200-day moving average of $11.31. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $13.52.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.46) by ($8.14). Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, equities research analysts expect that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Global

In related news, CFO Charles H. R. Bracken sold 33,220 shares of the firm's stock in a transaction on Monday, December 8th. The stock was sold at an average price of $11.18, for a total value of $371,399.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 13.29% of the company's stock.

Liberty Global Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company's footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.

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