Geode Capital Management LLC Increases Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Geode Capital Management LLC grew its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,014,571 shares of the company's stock after purchasing an additional 31,484 shares during the quarter. Geode Capital Management LLC owned about 1.41% of Liberty Broadband worth $155,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LBRDK. Groupama Asset Managment bought a new position in Liberty Broadband during the third quarter worth about $25,000. Quarry LP bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC boosted its stake in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company's stock worth $33,000 after acquiring an additional 283 shares during the period. Capital Advisors Ltd. LLC increased its holdings in shares of Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Liberty Broadband in the 3rd quarter valued at $82,000. Institutional investors own 80.22% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Liberty Broadband in a report on Sunday. They set a "sell" rating for the company.

Insider Buying and Selling

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 completion of the sale, 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 position. The transaction 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 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 completion of 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 disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock valued at $509,688 over the last quarter. Insiders own 10.80% of the company's stock.

Liberty Broadband Trading Down 1.9 %

NASDAQ LBRDK traded down $1.54 during trading hours on Tuesday, reaching $80.44. The company's stock had a trading volume of 1,346,733 shares, compared to its average volume of 1,194,440. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. 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 stock has a market cap of $11.49 billion, a P/E ratio of 14.81 and a beta of 1.02. The firm has a fifty day simple moving average of $85.24 and a 200-day simple moving average of $69.29.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the prior year, the business earned $1.10 earnings per share. Equities analysts forecast 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.