Wilmington Savings Fund Society FSB bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 113,505 shares of the company's stock, valued at approximately $8,773,000. Wilmington Savings Fund Society FSB owned about 0.08% of Liberty Broadband as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. CWM LLC grew its stake in shares of Liberty Broadband by 163.7% in the 2nd quarter. CWM LLC now owns 2,255 shares of the company's stock valued at $124,000 after buying an additional 1,400 shares during the period. GAM Holding AG boosted its stake in shares of Liberty Broadband by 87.4% in the 2nd quarter. GAM Holding AG now owns 15,000 shares of the company's stock worth $822,000 after buying an additional 6,997 shares during the last quarter. Whittier Trust Co. raised its holdings in Liberty Broadband by 71.0% during the 2nd quarter. Whittier Trust Co. now owns 6,300 shares of the company's stock valued at $345,000 after acquiring an additional 2,615 shares during the period. Innealta Capital LLC bought a new stake in Liberty Broadband during the 2nd quarter valued at $153,000. Finally, Commonwealth Equity Services LLC bought a new stake in Liberty Broadband during the 2nd quarter valued at $602,000. 80.22% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,673 shares of company stock valued at $509,688 over the last three months. Corporate insiders own 10.80% of the company's stock.
Liberty Broadband Trading Down 1.0 %
Shares of NASDAQ:LBRDK traded down $0.81 during midday trading on Friday, hitting $82.50. 524,546 shares of the stock traded hands, compared to its average volume of 1,192,670. The stock has a market capitalization of $11.79 billion, a PE ratio of 15.34 and a beta of 1.02. The business's 50 day moving average is $85.02 and its two-hundred day moving average is $68.43. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the company posted $1.10 earnings per share. As a group, research analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Saturday, December 7th. They issued a "sell" rating for the company.
Check Out Our Latest Research Report on LBRDK
Liberty Broadband Company Profile
(
Free Report)
Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.
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