Janus Henderson Group PLC Cuts Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Janus Henderson Group PLC decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,400 shares of the company's stock after selling 11,735 shares during the period. Janus Henderson Group PLC's holdings in Liberty Broadband were worth $3,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Hi Line Capital Management LLC raised its stake in Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock worth $10,902,000 after acquiring an additional 117,483 shares in the last quarter. Bank of Montreal Can increased its position in Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock worth $14,173,000 after purchasing an additional 163,502 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Liberty Broadband in the 3rd quarter valued at approximately $861,000. Commonwealth Equity Services LLC acquired a new stake in Liberty Broadband in the second quarter valued at approximately $602,000. Finally, Logan Stone Capital LLC grew its stake in shares of Liberty Broadband by 1,134.1% during the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company's stock worth $6,932,000 after buying an additional 116,197 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Stock Up 0.7 %

Shares of NASDAQ LBRDK traded up $0.54 during trading on Wednesday, hitting $81.43. The stock had a trading volume of 857,637 shares, compared to its average volume of 1,197,282. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a fifty day moving average of $84.86 and a two-hundred day moving average of $68.24. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a market capitalization of $11.63 billion, a PE ratio of 15.00 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - 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 the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, equities research analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LBRDK shares. Rosenblatt Securities boosted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. StockNews.com began coverage on Liberty Broadband in a research report on Saturday. They set a "sell" rating for the company.

Insider Buying and Selling

In other 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 sale, the insider now 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 document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $167,454.72. Following the completion of the transaction, the chief accounting officer now owns 11,054 shares of the company's stock, valued at $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is owned by company insiders.

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.