29,437 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Acquired by Centiva Capital LP

Centiva Capital LP bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,437 shares of the company's stock, valued at approximately $2,261,000.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Liberty Broadband by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,838 shares of the company's stock valued at $505,000 after purchasing an additional 540 shares in the last quarter. Comerica Bank lifted its stake in Liberty Broadband by 16.0% in the first quarter. Comerica Bank now owns 7,283 shares of the company's stock worth $416,000 after acquiring an additional 1,003 shares during the period. CWM LLC lifted its stake in Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company's stock worth $74,000 after acquiring an additional 716 shares during the period. Bank of New York Mellon Corp grew its holdings in Liberty Broadband by 16.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,883 shares of the company's stock worth $3,051,000 after acquiring an additional 7,890 shares in the last quarter. Finally, Whittier Trust Co. purchased a new position in Liberty Broadband during the 2nd quarter valued at about $129,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction 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 trade represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the firm'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 sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,673 shares of company stock valued at $509,688. Company insiders own 14.19% of the company's stock.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDA traded up $0.85 during midday trading on Tuesday, reaching $85.05. The company had a trading volume of 58,443 shares, compared to its average volume of 150,667. The stock has a market cap of $12.15 billion, a P/E ratio of 15.51 and a beta of 1.05. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The business's 50-day simple moving average is $83.44 and its 200 day simple moving average is $66.33.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.66). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $242.40 million. During the same period last year, the firm earned $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.