Edgestream Partners L.P. Buys Shares of 5,944 Liberty Broadband Co. (NASDAQ:LBRDK)

Edgestream Partners L.P. acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,944 shares of the company's stock, valued at approximately $459,000.

Several other institutional investors and hedge funds also recently modified their holdings of LBRDK. Hi Line Capital Management LLC raised its stake in Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock valued at $10,902,000 after buying an additional 117,483 shares during the period. Bank of Montreal Can increased its stake in Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock worth $14,173,000 after acquiring an additional 163,502 shares during the period. Sequoia Financial Advisors LLC bought a new position in Liberty Broadband during the 3rd quarter worth $861,000. Commonwealth Equity Services LLC bought a new position in Liberty Broadband during the 2nd quarter worth $602,000. Finally, Logan Stone Capital LLC increased its stake in Liberty Broadband by 1,134.1% during the 2nd quarter. Logan Stone Capital LLC now owns 126,443 shares of the company's stock worth $6,932,000 after acquiring an additional 116,197 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The stock was 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. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on LBRDK. StockNews.com began coverage on Liberty Broadband in a report on Friday, November 29th. They set a "sell" rating on the stock. Rosenblatt Securities raised their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th.

Liberty Broadband Stock Down 0.1 %

Liberty Broadband stock traded down $0.12 during midday trading on Friday, reaching $86.36. The stock had a trading volume of 906,485 shares, compared to its average volume of 1,193,912. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a market capitalization of $12.34 billion, a P/E ratio of 15.93 and a beta of 1.02. The company has a fifty day moving average price of $84.64 and a two-hundred day moving average price of $67.39. 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 (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter last year, the firm posted $1.10 EPS. As a group, equities analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Liberty Broadband 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.