Algert Global LLC Lowers Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Algert Global LLC cut its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 46.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,904 shares of the company's stock after selling 35,598 shares during the quarter. Algert Global LLC's holdings in Liberty Broadband were worth $3,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock worth $33,000 after buying an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Versant Capital Management Inc raised its stake in Liberty Broadband by 4,888.9% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company's stock valued at $25,000 after purchasing an additional 440 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new position in Liberty Broadband in the second quarter valued at about $36,000. Finally, Mather Group LLC. raised its stake in Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company's stock valued at $44,000 after purchasing an additional 388 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Rosenblatt Securities lifted their target price on 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 began coverage on Liberty Broadband in a research report on Thursday, November 21st. They issued a "sell" rating on the stock.

Liberty Broadband Trading Down 0.4 %

LBRDK traded down $0.38 during trading on Tuesday, hitting $85.32. The company's stock had a trading volume of 1,202,018 shares, compared to its average volume of 1,200,069. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. 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 stock's fifty day moving average price is $81.65 and its 200-day moving average price is $65.79. The firm has a market capitalization of $12.19 billion, a P/E ratio of 15.78 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the company earned $1.10 earnings per share. Analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insider Buying and Selling

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction on 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 owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction 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 transaction, the insider now owns 3,670 shares of the company's stock, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Profile

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.