260,000 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Acquired by Isomer Partners LP

Isomer Partners LP purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 260,000 shares of the company's stock, valued at approximately $20,095,000. Liberty Broadband makes up approximately 21.6% of Isomer Partners LP's portfolio, making the stock its 2nd largest holding. Isomer Partners LP owned 0.18% of Liberty Broadband at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in Liberty Broadband by 107.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock worth $224,088,000 after purchasing an additional 1,502,249 shares in the last quarter. Whitebox Advisors LLC boosted its position in shares of Liberty Broadband by 29.5% during the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock valued at $163,260,000 after acquiring an additional 677,785 shares during the last quarter. Millennium Management LLC increased its position in Liberty Broadband by 67.4% during the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company's stock worth $56,584,000 after purchasing an additional 415,619 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Broadband by 63.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company's stock valued at $72,666,000 after purchasing an additional 366,614 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock worth $113,045,000 after buying an additional 330,159 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Insider Buying and Selling at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband 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 completion of the sale, the insider now owns 3,670 shares of the company's stock, valued at approximately $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 worth $509,688 over the last ninety days. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

LBRDK has been the subject of several research analyst reports. StockNews.com started coverage on Liberty Broadband in a research report on Thursday, November 21st. They set a "sell" rating for the company. Rosenblatt Securities raised their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a report on Wednesday, August 14th.

Liberty Broadband Price Performance

Shares of LBRDK traded down $0.70 during midday trading on Tuesday, reaching $85.00. The stock had a trading volume of 971,599 shares, compared to its average volume of 1,198,719. The firm's 50 day moving average price is $81.65 and its 200-day moving average price is $65.79. The company has a market capitalization of $12.14 billion, a P/E ratio of 15.78 and a beta of 1.02. 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.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $262.00 million for the quarter, compared to analysts' expectations of $237.41 million. During the same period in the prior year, the company posted $1.10 earnings per share. On average, 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.