UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $21.94 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 18.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283,888 shares of the company's stock after selling 63,065 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Liberty Broadband worth $21,942,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after buying an additional 191 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company's stock valued at $44,000 after buying an additional 388 shares during the period. Brooklyn Investment Group bought a new stake in shares of Liberty Broadband during the third quarter worth $82,000. Finally, CWM LLC raised its holdings in shares of Liberty Broadband by 163.7% during the second quarter. CWM LLC now owns 2,255 shares of the company's stock worth $124,000 after acquiring an additional 1,400 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LBRDK has been the subject of a number of research reports. Rosenblatt Securities increased their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. StockNews.com started coverage on Liberty Broadband in a report on Friday, November 29th. They set a "sell" rating for the company.

Insider Transactions at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction dated 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 approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. Over the last 90 days, insiders sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by insiders.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock traded up $0.03 on Friday, reaching $86.50. 1,555,023 shares of the stock were exchanged, compared to its average volume of 1,196,723. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $12.36 billion, a PE ratio of 15.93 and a beta of 1.02. The firm's 50 day moving average is $84.64 and its 200-day moving average is $67.39. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter in the previous year, the company earned $1.10 earnings per share. As a group, analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

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.