GSA Capital Partners LLP Sells 46,825 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

GSA Capital Partners LLP cut its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 83.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,219 shares of the company's stock after selling 46,825 shares during the period. GSA Capital Partners LLP's holdings in Liberty Broadband were worth $708,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. American National Bank & Trust bought a new position in shares of Liberty Broadband during the 3rd quarter worth about $32,000. GAMMA Investing LLC lifted its holdings in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company's stock worth $48,000 after acquiring an additional 390 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Liberty Broadband during the 3rd quarter worth about $79,000. CWM LLC lifted its holdings in shares of Liberty Broadband by 112.6% during the 2nd quarter. CWM LLC now owns 1,352 shares of the company's stock worth $74,000 after acquiring an additional 716 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Liberty Broadband by 166,900.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,670 shares of the company's stock valued at $91,000 after purchasing an additional 1,669 shares during the last quarter. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Price Performance

LBRDA traded down $1.13 during midday trading on Monday, hitting $86.51. The company had a trading volume of 99,965 shares, compared to its average volume of 149,425. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $12.36 billion, a PE ratio of 15.93 and a beta of 1.04. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $100.44. The firm's 50-day simple moving average is $78.38 and its 200-day simple moving average is $64.07.

Liberty Broadband (NASDAQ:LBRDA - 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 the consensus estimate of $1.65 by ($0.66). The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the previous year, the business posted $1.10 EPS.

Insider Transactions at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on LBRDA. Rosenblatt Securities downgraded shares of Liberty Broadband from a "buy" rating to a "neutral" rating and lifted their price target for the company from $91.00 to $92.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $95.00 price target (up from $90.00) on shares of Liberty Broadband in a report on Friday.

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. 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.