MassMutual Private Wealth & Trust FSB Grows Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

MassMutual Private Wealth & Trust FSB lifted its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 269,566.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,180 shares of the company's stock after purchasing an additional 16,174 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Liberty Broadband were worth $1,203,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Liberty Broadband by 9.1% during the third quarter. Signaturefd LLC now owns 2,119 shares of the company's stock valued at $163,000 after purchasing an additional 177 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Liberty Broadband during the third quarter valued at $30,000. GAMMA Investing LLC lifted its holdings in shares of Liberty Broadband by 161.8% during the third quarter. GAMMA Investing LLC now owns 631 shares of the company's stock valued at $48,000 after purchasing an additional 390 shares during the last quarter. American National Bank & Trust purchased a new stake in Liberty Broadband in the 3rd quarter worth about $32,000. Finally, Glenmede Trust Co. NA lifted its stake in Liberty Broadband by 116.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock worth $76,000 after acquiring an additional 533 shares in the last quarter. Institutional investors own 10.29% of the company's stock.

Liberty Broadband Price Performance

NASDAQ LBRDA traded up $0.35 on Wednesday, hitting $76.57. 136,893 shares of the company's stock were exchanged, compared to its average volume of 116,566. The stock has a 50-day moving average of $79.99 and a 200-day moving average of $72.71. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52 week low of $47.17 and a 52 week high of $100.44. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 14.10 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.66). 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 for the quarter, compared to the consensus estimate of $242.40 million. During the same period last year, the company earned $1.10 EPS.

Analyst Upgrades and Downgrades

LBRDA has been the topic of a number of analyst reports. Rosenblatt Securities lowered Liberty Broadband from a "buy" rating to a "neutral" rating and increased their price objective for the company from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Insider Activity at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 196,542 shares of company stock worth $15,834,108. Corporate insiders own 14.19% of the company's stock.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.