Liberty Broadband Co. (NASDAQ:LBRDK) Holdings Boosted by Fmr LLC

FMR LLC raised its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 104.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 563,964 shares of the company's stock after purchasing an additional 288,078 shares during the quarter. FMR LLC owned 0.39% of Liberty Broadband worth $43,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LBRDK. Hi Line Capital Management LLC raised its holdings in shares of Liberty Broadband by 498.4% in the 3rd 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 boosted its position in shares of 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 in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at about $861,000. Commonwealth Equity Services LLC acquired a new stake in shares of Liberty Broadband in the 2nd quarter valued at about $602,000. Finally, Logan Stone Capital LLC boosted its position in shares of Liberty Broadband by 1,134.1% in the 2nd quarter. Logan Stone Capital LLC now owns 126,443 shares of the company's stock valued at $6,932,000 after purchasing an additional 116,197 shares during the period. Hedge funds and other institutional investors own 80.22% of the company's stock.

Analyst Upgrades and Downgrades

LBRDK has been the subject of several analyst reports. StockNews.com initiated coverage on Liberty Broadband in a research note on Saturday. They set a "sell" rating for the company. Rosenblatt Securities upped their price target on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the business'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 value of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, 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 90 days, insiders have sold 6,673 shares of company stock valued at $509,688. Insiders own 10.80% of the company's stock.

Liberty Broadband Price Performance

NASDAQ:LBRDK traded up $0.03 during trading hours on Friday, reaching $86.50. 1,555,023 shares of the company traded hands, compared to its average volume of 1,511,880. 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 50-day moving average is $84.80 and its 200-day moving average is $67.72. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The stock has a market cap of $12.36 billion, a P/E ratio of 15.93 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.99 EPS 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 company had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Equities research analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

About Liberty Broadband

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.