Long Path Partners LP lessened its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 3.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 290,449 shares of the company's stock after selling 10,281 shares during the period. Liberty Broadband comprises about 7.3% of Long Path Partners LP's portfolio, making the stock its 5th largest holding. Long Path Partners LP owned 0.20% of Liberty Broadband worth $22,449,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company's stock valued at $25,000 after acquiring an additional 440 shares during the period. GAMMA Investing LLC grew its position in 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 purchasing an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the period. Beach Investment Counsel Inc. PA purchased a new stake in shares of Liberty Broadband in the second quarter valued at $36,000. Finally, Mather Group LLC. boosted its position in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company's stock worth $44,000 after buying an additional 388 shares during the period. 80.22% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. StockNews.com began coverage on shares of Liberty Broadband in a research note on Thursday. They set a "sell" rating for the company. Rosenblatt Securities lifted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th.
Read Our Latest Research Report on Liberty Broadband
Liberty Broadband Stock Performance
LBRDK traded up $0.43 during midday trading on Friday, reaching $86.92. The company's stock had a trading volume of 1,035,150 shares, compared to its average volume of 1,654,998. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The stock has a market cap of $12.42 billion, a P/E ratio of 16.01 and a beta of 1.02. The company has a fifty day simple moving average of $81.17 and a 200 day simple moving average of $65.54. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. Research analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current year.
Insider Buying and Selling at Liberty Broadband
In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband 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 completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 3,670 shares of the company's stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock valued at $509,688 in the last 90 days. 10.80% of the stock is currently owned by company insiders.
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.
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