Liberty Broadband Co. (NASDAQ:LBRDA) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 244.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,887 shares of the company's stock after acquiring an additional 3,469 shares during the quarter. Barclays PLC's holdings in Liberty Broadband were worth $375,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. M&T Bank Corp purchased a new position in shares of Liberty Broadband in the 3rd quarter worth approximately $338,000. Stifel Financial Corp purchased a new position in Liberty Broadband in the third quarter worth $1,235,000. Quantinno Capital Management LP purchased a new position in Liberty Broadband in the third quarter worth $260,000. Ionic Capital Management LLC acquired a new position in shares of Liberty Broadband during the third quarter worth $1,322,000. Finally, Centiva Capital LP purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at $2,261,000. 10.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares of the company's stock, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 196,542 shares of company stock worth $15,834,108. Insiders own 14.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities cut shares of Liberty Broadband from a "buy" rating to a "neutral" rating and raised their price target for the stock from $91.00 to $92.00 in a report on Thursday, November 14th.

Liberty Broadband Stock Performance

NASDAQ LBRDA traded up $0.35 during mid-day trading on Friday, reaching $75.53. 265,754 shares of the stock were exchanged, compared to its average volume of 100,022. The company has a market capitalization of $10.79 billion, a P/E ratio of 13.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business's 50 day moving average is $80.84 and its 200-day moving average is $72.40. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.66). The business had revenue of $262.00 million for the quarter, compared to analysts' expectations of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter in the prior year, the company posted $1.10 EPS.

Liberty Broadband Company 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.