Bridgewater Associates LP lessened its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 78.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 23,489 shares of the company's stock after selling 86,089 shares during the period. Bridgewater Associates LP's holdings in Liberty Broadband were worth $1,815,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Whitebox Advisors LLC increased its stake in shares of Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock worth $163,260,000 after purchasing an additional 677,785 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock worth $224,088,000 after buying an additional 1,502,249 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock valued at $113,045,000 after acquiring an additional 330,159 shares during the period. Highbridge Capital Management LLC lifted its position in shares of Liberty Broadband by 22.6% in the second quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company's stock valued at $61,834,000 after acquiring an additional 208,153 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Liberty Broadband by 67.4% in the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company's stock worth $56,584,000 after acquiring an additional 415,619 shares during the period. Hedge funds and other institutional investors own 80.22% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on LBRDK shares. StockNews.com initiated coverage on shares of Liberty Broadband in a report on Friday. They issued a "sell" rating on the stock. Rosenblatt Securities lifted their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a report on Wednesday, August 14th.
View Our Latest Stock Report on LBRDK
Insiders Place Their Bets
In other news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction dated 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 sale, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company's 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 completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at $838,335.36. The trade was a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock worth $509,688 in the last three months. Corporate insiders own 10.80% of the company's stock.
Liberty Broadband Trading Down 0.6 %
Shares of Liberty Broadband stock traded down $0.53 during trading on Monday, hitting $84.61. The stock had a trading volume of 1,530,790 shares, compared to its average volume of 1,199,125. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm's fifty day simple moving average is $83.52 and its 200-day simple moving average is $66.68. The stock has a market cap of $12.09 billion, a PE ratio of 15.68 and a beta of 1.02.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million during the quarter, compared to analysts' expectations of $237.41 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, sell-side analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.
About Liberty Broadband
(
Free Report)
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.
Further Reading
Before you consider Liberty Broadband, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Broadband wasn't on the list.
While Liberty Broadband currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
