Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC decreased its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 27.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,347,706 shares of the company's stock after selling 514,926 shares during the quarter. Liberty Broadband accounts for approximately 1.6% of Thompson Siegel & Walmsley LLC's holdings, making the stock its 10th biggest holding. Thompson Siegel & Walmsley LLC owned approximately 0.94% of Liberty Broadband worth $104,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LBRDK. Commerce Bank raised its stake in shares of Liberty Broadband by 13.6% in the third quarter. Commerce Bank now owns 9,644 shares of the company's stock worth $745,000 after acquiring an additional 1,153 shares during the last quarter. Holistic Financial Partners acquired a new position in Liberty Broadband during the 3rd quarter valued at about $245,000. LMR Partners LLP boosted its stake in Liberty Broadband by 949.6% in the third quarter. LMR Partners LLP now owns 125,452 shares of the company's stock valued at $9,696,000 after acquiring an additional 113,500 shares during the last quarter. Seizert Capital Partners LLC lifted its stake in Liberty Broadband by 20.4% in the third quarter. Seizert Capital Partners LLC now owns 143,768 shares of the company's stock valued at $11,112,000 after buying an additional 24,315 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP bought a new position in Liberty Broadband during the 3rd quarter worth approximately $209,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Stock Performance

LBRDK traded down $1.07 during trading hours on Thursday, reaching $86.49. The company's stock had a trading volume of 735,856 shares, compared to its average volume of 1,200,459. The company's 50-day moving average is $80.15 and its 200-day moving average is $64.98. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The firm has a market cap of $12.36 billion, a PE ratio of 16.13 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.99 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 firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the company posted $1.10 EPS. On average, equities analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insider Buying and Selling

In other news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the firm'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 transaction of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LBRDK. StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Thursday. They issued a "sell" rating on the stock. Rosenblatt Securities upped their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th.

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.