Boussard & Gavaudan Investment Management LLP Sells 97,084 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Boussard & Gavaudan Investment Management LLP lessened its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 51.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,519 shares of the company's stock after selling 97,084 shares during the quarter. Boussard & Gavaudan Investment Management LLP owned about 0.06% of Liberty Broadband worth $7,059,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LBRDK. Versant Capital Management Inc raised its position in shares of Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company's stock valued at $25,000 after acquiring an additional 440 shares during the last quarter. GAMMA Investing LLC grew its stake 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 purchasing an additional 283 shares during the period. Capital Advisors Ltd. LLC increased its holdings 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 during 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. lifted 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 buying an additional 388 shares during the period. Institutional investors own 80.22% of the company's stock.

Insider Activity at Liberty Broadband

In related news, 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 value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the firm'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 sale, the insider now directly owns 3,670 shares of the company's stock, valued at $280,975.20. This represents 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 valued at $509,688. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Stock Down 1.1 %

Liberty Broadband stock traded down $0.94 during mid-day trading on Thursday, reaching $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 12 month low of $46.46 and a 12 month high of $101.50. The business's 50 day simple moving average is $82.56 and its 200 day simple moving average is $66.14. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 15.54 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the previous year, the business earned $1.10 EPS. As a group, research analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Analysts Set New Price Targets

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