Daiwa Securities Group Inc. Buys Shares of 6,085 Liberty Broadband Co. (NASDAQ:LBRDK)

Daiwa Securities Group Inc. bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,085 shares of the company's stock, valued at approximately $470,000.

Several other institutional investors and hedge funds also recently modified their holdings of LBRDK. Capital Advisors Ltd. LLC boosted its stake in shares of Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after acquiring an additional 191 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 283 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Liberty Broadband by 1.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company's stock valued at $919,000 after buying an additional 302 shares during the last quarter. KBC Group NV raised its position in shares of Liberty Broadband by 6.9% in the third quarter. KBC Group NV now owns 5,893 shares of the company's stock valued at $455,000 after buying an additional 382 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Liberty Broadband by 103.7% during 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. Hedge funds and other institutional investors own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com began coverage on Liberty Broadband in a research report on Friday. They set a "sell" rating on the stock. Rosenblatt Securities increased their price objective 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.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 4,423 shares of the firm's 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business'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 of the company's stock, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,673 shares of company stock worth $509,688. Insiders own 10.80% of the company's stock.

Liberty Broadband Stock Up 0.9 %

NASDAQ LBRDK traded up $0.76 on Friday, reaching $85.14. The company had a trading volume of 614,006 shares, compared to its average volume of 1,680,828. 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 1 year low of $46.46 and a 1 year high of $101.50. The firm has a 50-day moving average of $83.52 and a 200-day moving average of $66.68. The firm has a market capitalization of $12.16 billion, a PE ratio of 15.68 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $237.41 million. During the same period in the previous year, the company earned $1.10 earnings per share. On average, equities research analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

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.