LMR Partners LLP Has $9.70 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

LMR Partners LLP boosted its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 949.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,452 shares of the company's stock after purchasing an additional 113,500 shares during the period. LMR Partners LLP owned about 0.09% of Liberty Broadband worth $9,696,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in shares of Liberty Broadband by 12.0% during the first quarter. Sei Investments Co. now owns 22,247 shares of the company's stock worth $1,273,000 after purchasing an additional 2,391 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Liberty Broadband by 21.8% in the first quarter. Russell Investments Group Ltd. now owns 12,560 shares of the company's stock valued at $719,000 after purchasing an additional 2,244 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Liberty Broadband by 19.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 146,721 shares of the company's stock worth $8,397,000 after buying an additional 23,489 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Liberty Broadband by 31.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,458 shares of the company's stock worth $3,803,000 after buying an additional 15,977 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Liberty Broadband by 66.0% in the 1st quarter. Intech Investment Management LLC now owns 11,751 shares of the company's stock worth $673,000 after purchasing an additional 4,673 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction 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 sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction 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 sale, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock traded down $0.75 during trading on Monday, reaching $87.57. The company's stock had a trading volume of 650,008 shares, compared to its average volume of 1,196,970. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. 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 $12.51 billion, a price-to-earnings ratio of 16.27 and a beta of 1.02. The business's fifty day moving average price is $78.50 and its 200-day moving average price is $64.32.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, equities research analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LBRDK. Rosenblatt Securities raised 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. StockNews.com began coverage on Liberty Broadband in a research report on Wednesday, November 13th. They issued a "sell" rating for the company.

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.