33,993 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Acquired by Sand Grove Capital Management LLP

Sand Grove Capital Management LLP purchased a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 33,993 shares of the company's stock, valued at approximately $2,627,000. Liberty Broadband accounts for approximately 1.0% of Sand Grove Capital Management LLP's holdings, making the stock its 14th biggest holding.

Several other institutional investors have also added to or reduced their stakes in LBRDK. Quantinno Capital Management LP lifted its holdings in Liberty Broadband by 15.6% during the 3rd quarter. Quantinno Capital Management LP now owns 32,653 shares of the company's stock valued at $2,524,000 after purchasing an additional 4,403 shares during the last quarter. Quarry LP acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth about $28,000. Readystate Asset Management LP boosted its holdings in shares of Liberty Broadband by 53.7% during the 3rd quarter. Readystate Asset Management LP now owns 170,705 shares of the company's stock worth $13,194,000 after buying an additional 59,628 shares during the period. Point72 Asset Management L.P. grew its stake in Liberty Broadband by 54.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company's stock valued at $22,773,000 after buying an additional 104,272 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in Liberty Broadband in the 3rd quarter valued at about $3,092,000. 80.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on LBRDK shares. Rosenblatt Securities raised their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Friday, November 29th. They set a "sell" rating for the company.

Liberty Broadband Price Performance

LBRDK traded down $0.08 during trading on Thursday, reaching $86.28. 301,801 shares of the company were exchanged, compared to its average volume of 1,193,957. The company's 50-day moving average is $84.42 and its two-hundred day moving average is $67.26. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 15.90 and a beta of 1.02. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million during 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 in the prior year, the company earned $1.10 EPS. Research analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock valued at $509,688 in the last quarter. Company insiders own 10.80% of the company's stock.

About Liberty Broadband

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.