Whitebox Advisors LLC lowered its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 25.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,224,438 shares of the company's stock after selling 753,669 shares during the quarter. Liberty Broadband comprises 4.7% of Whitebox Advisors LLC's portfolio, making the stock its largest position. Whitebox Advisors LLC owned approximately 1.56% of Liberty Broadband worth $171,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Hi Line Capital Management LLC lifted its position 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 valued at $10,902,000 after buying an additional 117,483 shares during the period. Bank of Montreal Can increased its stake in shares of Liberty Broadband by 172.6% in the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock worth $14,173,000 after acquiring an additional 163,502 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Liberty Broadband during the 3rd quarter valued at about $861,000. Commonwealth Equity Services LLC bought a new stake in Liberty Broadband during the second quarter worth about $602,000. Finally, Logan Stone Capital LLC boosted its stake in 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 acquiring an additional 116,197 shares in the last quarter. 80.22% of the stock is owned by institutional investors.
Liberty Broadband Stock Performance
Shares of NASDAQ:LBRDK traded up $0.03 during trading on Friday, hitting $86.50. The company's stock had a trading volume of 1,555,023 shares, compared to its average volume of 1,511,880. 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 market cap of $12.36 billion, a price-to-earnings ratio of 15.93 and a beta of 1.02. The company has a 50-day moving average of $84.64 and a 200-day moving average of $67.39. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data 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 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 analysts' expectations of $237.41 million. During the same quarter last year, the company earned $1.10 earnings per share. On average, sell-side analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on LBRDK shares. Rosenblatt Securities increased their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. StockNews.com started coverage on shares of Liberty Broadband in a research note on Saturday. They issued a "sell" rating on the stock.
Check Out Our Latest Stock Report on LBRDK
Insider Activity
In related news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock worth $509,688 over the last ninety days. Corporate insiders own 10.80% of the company's stock.
Liberty Broadband Company 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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