BNP Paribas Financial Markets Has $4.09 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

BNP Paribas Financial Markets trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 51.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,292 shares of the company's stock after selling 57,064 shares during the period. BNP Paribas Financial Markets' holdings in Liberty Broadband were worth $4,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. American National Bank & Trust bought a new stake in shares of Liberty Broadband in the third quarter valued at about $32,000. GAMMA Investing LLC lifted its position in shares of Liberty Broadband by 161.8% in 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. CWM LLC grew 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 purchasing an additional 716 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Liberty Broadband during the third quarter valued at approximately $79,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Liberty Broadband by 166,900.0% in the second 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 in the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Up 0.2 %

Shares of LBRDA traded up $0.14 on Thursday, hitting $85.55. The company's stock had a trading volume of 880,280 shares, compared to its average volume of 158,489. The firm's fifty day moving average price is $84.05 and its 200-day moving average price is $66.82. Liberty Broadband Co. has a fifty-two week low of $47.17 and a fifty-two week high of $100.44. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 15.76 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.66). 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 during the quarter, compared to analyst estimates of $242.40 million. During the same period in the previous year, the company posted $1.10 earnings per share.

Analyst Ratings Changes

Several research firms recently commented on LBRDA. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities cut Liberty Broadband from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $91.00 to $92.00 in a report on Thursday, November 14th.

Insider Transactions at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 6,673 shares of company stock valued at $509,688 over the last 90 days. 14.19% of the stock is owned by corporate insiders.

Liberty Broadband Company 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.