Baupost Group LLC MA Acquires Shares of 170,610 Liberty Broadband Co. (NASDAQ:LBRDK)

Baupost Group LLC MA bought a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 170,610 shares of the company's stock, valued at approximately $13,186,000. Liberty Broadband comprises 0.4% of Baupost Group LLC MA's holdings, making the stock its 17th biggest position. Baupost Group LLC MA owned approximately 0.12% of Liberty Broadband as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Hi Line Capital Management LLC raised its stake in shares of Liberty Broadband by 498.4% during the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock valued at $10,902,000 after purchasing an additional 117,483 shares during the period. Bank of Montreal Can lifted its holdings in shares of Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock worth $14,173,000 after acquiring an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Liberty Broadband in the 3rd quarter worth approximately $861,000. Commonwealth Equity Services LLC purchased a new stake in shares of Liberty Broadband in the 2nd quarter valued at $602,000. Finally, Logan Stone Capital LLC increased its holdings in shares of Liberty Broadband by 1,134.1% in the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company's stock worth $6,932,000 after buying an additional 116,197 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Insider Transactions at Liberty Broadband

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 transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company's stock, valued at $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock worth $509,688 in the last quarter. Company insiders own 10.80% of the company's stock.

Liberty Broadband Stock Down 1.1 %

Shares of LBRDK stock traded down $0.94 during mid-day trading on Wednesday, hitting $84.38. The company's stock had a trading volume of 1,200,691 shares, compared to its average volume of 1,200,227. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 15.71 and a beta of 1.02. The business has a 50-day moving average price of $82.12 and a 200 day moving average price of $66.01.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings data 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 net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter last year, the company earned $1.10 EPS. Research analysts predict that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LBRDK. StockNews.com started coverage on shares of Liberty Broadband in a report on Thursday, November 21st. They set a "sell" rating for the company. Rosenblatt Securities lifted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th.

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.