Barclays PLC Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Barclays PLC grew its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,899,331 shares of the company's stock after buying an additional 415,496 shares during the quarter. Barclays PLC owned 4.83% of Liberty Broadband worth $533,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Hi Line Capital Management LLC boosted its holdings in shares of Liberty Broadband by 498.4% during the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock valued at $10,902,000 after acquiring an additional 117,483 shares during the last quarter. Bank of Montreal Can boosted 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 buying an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Liberty Broadband in the third quarter worth $861,000. Commonwealth Equity Services LLC purchased a new stake in Liberty Broadband during the second quarter valued at $602,000. Finally, Logan Stone Capital LLC lifted its holdings in Liberty Broadband by 1,134.1% in the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company's stock valued at $6,932,000 after acquiring an additional 116,197 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value 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. This trade represents a 16.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction 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 completion of the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,673 shares of company stock valued at $509,688. Company insiders own 10.80% of the company's stock.

Liberty Broadband Trading Down 9.5 %

Shares of NASDAQ:LBRDK traded down $8.23 during trading on Monday, hitting $78.27. The company had a trading volume of 1,489,856 shares, compared to its average volume of 1,197,959. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 15.93 and a beta of 1.02. 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 company has a fifty day simple moving average of $84.80 and a two-hundred day simple moving average of $67.84. 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 announced 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). The business had revenue of $262.00 million for the quarter, compared to analysts' expectations of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter last year, the firm earned $1.10 EPS. As a group, equities analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com started coverage on shares of Liberty Broadband in a research report on Saturday. They issued a "sell" rating on the stock. Rosenblatt Securities lifted their target price on Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th.

Liberty Broadband 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.