BNP Paribas Financial Markets Boosts Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

BNP Paribas Financial Markets boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 148.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 250,052 shares of the company's stock after purchasing an additional 149,280 shares during the quarter. BNP Paribas Financial Markets owned about 0.18% of Liberty Broadband worth $19,327,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband 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 transaction, the chief accounting officer now owns 11,054 shares of the company's stock, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Trading Up 0.9 %

Shares of LBRDK traded up $0.76 during mid-day trading on Friday, reaching $85.14. 614,006 shares of the company were exchanged, compared to its average volume of 1,680,828. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. 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 stock has a market capitalization of $12.16 billion, a PE ratio of 15.68 and a beta of 1.02. The business has a 50 day simple moving average of $83.52 and a two-hundred day simple moving average of $66.58.

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 (EPS) 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 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 business earned $1.10 earnings per share. On average, analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com assumed coverage on Liberty Broadband in a research report on Friday. They issued a "sell" rating for the company. Rosenblatt Securities boosted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th.

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.