Liberty Broadband Co. (NASDAQ:LBRDA) Shares Acquired by Fmr LLC

FMR LLC increased its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,761,528 shares of the company's stock after acquiring an additional 26,241 shares during the quarter. FMR LLC owned approximately 1.93% of Liberty Broadband worth $212,141,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Seizert Capital Partners LLC boosted its stake in Liberty Broadband by 3.3% in the third quarter. Seizert Capital Partners LLC now owns 394,418 shares of the company's stock valued at $30,299,000 after acquiring an additional 12,515 shares in the last quarter. Private Management Group Inc. grew its stake in Liberty Broadband by 29.8% during the 2nd quarter. Private Management Group Inc. now owns 388,923 shares of the company's stock worth $21,235,000 after buying an additional 89,317 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Broadband by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company's stock valued at $20,544,000 after buying an additional 104,268 shares in the last quarter. Long Focus Capital Management LLC raised its stake in Liberty Broadband by 61.9% in the second quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company's stock valued at $20,207,000 after buying an additional 141,500 shares during the last quarter. Finally, Cowen AND Company LLC purchased a new stake in shares of Liberty Broadband during the second quarter worth about $4,445,000. Institutional investors own 10.29% of the company's stock.

Insider Transactions at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at $838,335.36. The trade was a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction on 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 transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,673 shares of company stock worth $509,688. 14.19% of the stock is currently owned by insiders.

Liberty Broadband Trading Up 0.7 %

Shares of LBRDA stock traded up $0.57 during trading hours on Tuesday, hitting $84.77. The company had a trading volume of 26,718 shares, compared to its average volume of 150,534. The stock has a market capitalization of $12.11 billion, a PE ratio of 15.51 and a beta of 1.05. 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 fifty-two week low of $47.17 and a fifty-two week high of $100.44. The company's fifty day moving average is $83.44 and its 200 day moving average is $66.33.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.66). 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 analysts' expectations of $242.40 million. During the same quarter in the previous year, the business posted $1.10 EPS.

Analysts Set New Price Targets

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

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. 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.