Charles Schwab Investment Management Inc. lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 63.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 940,168 shares of the company's stock after purchasing an additional 366,614 shares during the period. Charles Schwab Investment Management Inc. owned 0.66% of Liberty Broadband worth $72,666,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hi Line Capital Management LLC lifted its position in 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 acquiring 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 second quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock valued at $14,173,000 after purchasing 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 worth approximately $861,000. Commonwealth Equity Services LLC purchased a new stake in shares of Liberty Broadband in the 2nd quarter worth approximately $602,000. Finally, Logan Stone Capital LLC raised its stake in Liberty Broadband by 1,134.1% during the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company's stock valued at $6,932,000 after buying an additional 116,197 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on LBRDK shares. StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Friday. They set a "sell" rating for the company. Rosenblatt Securities raised their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th.
Get Our Latest Stock Report on LBRDK
Liberty Broadband Stock Performance
Shares of LBRDK stock traded up $0.76 during trading hours on Friday, reaching $85.14. 614,006 shares of the company traded hands, compared to its average volume of 1,197,689. The firm has a 50-day moving average price of $83.02 and a 200 day moving average price of $66.27. The company has a market cap of $12.16 billion, a P/E ratio of 15.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results 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 firm had revenue of $262.00 million for the quarter, compared to analysts' expectations of $237.41 million. During the same quarter last year, the firm posted $1.10 EPS. As a group, sell-side analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were 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 in the company, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,673 shares of company stock valued at $509,688 in the last quarter. 10.80% of the stock is currently owned by insiders.
Liberty Broadband Company Profile
(
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.
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