Seizert Capital Partners LLC increased its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 394,418 shares of the company's stock after buying an additional 12,515 shares during the period. Seizert Capital Partners LLC owned about 0.28% of Liberty Broadband worth $30,299,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in LBRDA. US Bancorp DE raised its stake in Liberty Broadband by 19.4% during the third quarter. US Bancorp DE now owns 4,314 shares of the company's stock valued at $331,000 after buying an additional 700 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $79,000. Signaturefd LLC raised its position in shares of Liberty Broadband by 9.1% during the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company's stock valued at $163,000 after acquiring an additional 177 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Liberty Broadband in the third quarter worth $203,000. Finally, Creative Planning boosted its holdings in Liberty Broadband by 48.5% in the third quarter. Creative Planning now owns 15,884 shares of the company's stock worth $1,220,000 after purchasing an additional 5,186 shares during the period. 10.29% of the stock is currently owned by institutional investors.
Insider Activity at Liberty Broadband
In other Liberty Broadband news, 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 value of $338,624.88. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is currently owned by insiders.
Liberty Broadband Stock Performance
Shares of Liberty Broadband stock traded down $1.65 during trading on Friday, hitting $87.64. 188,400 shares of the stock were exchanged, compared to its average volume of 165,415. The stock's fifty day moving average is $77.82 and its 200 day moving average is $63.74. Liberty Broadband Co. has a 12 month low of $47.17 and a 12 month high of $100.44. 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 stock has a market cap of $12.52 billion, a PE ratio of 16.14 and a beta of 1.04.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.66). The business had revenue of $262.00 million during the quarter, compared to analysts' expectations 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 company earned $1.10 EPS.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on LBRDA shares. Rosenblatt Securities downgraded shares of Liberty Broadband from a "buy" rating to a "neutral" rating and raised their price target for the stock from $91.00 to $92.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a report on Friday.
Check Out Our Latest Stock Report on LBRDA
Liberty Broadband Profile
(
Free Report)
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.
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