Maven Securities LTD Trims Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Maven Securities LTD lowered its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 29.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,217 shares of the company's stock after selling 9,725 shares during the quarter. Maven Securities LTD's holdings in Liberty Broadband were worth $1,794,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Assenagon Asset Management S.A. grew its holdings in shares of Liberty Broadband by 107.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock worth $224,088,000 after buying an additional 1,502,249 shares in the last quarter. Whitebox Advisors LLC grew its holdings in shares of Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock worth $163,260,000 after buying an additional 677,785 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Liberty Broadband by 67.4% during the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company's stock worth $56,584,000 after buying an additional 415,619 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company's stock worth $72,666,000 after buying an additional 366,614 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock worth $113,045,000 after buying an additional 330,159 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Price Performance

LBRDK stock traded up $0.55 during midday trading on Wednesday, reaching $86.36. 1,066,578 shares of the stock were exchanged, compared to its average volume of 1,197,874. The stock has a market capitalization of $12.34 billion, a PE ratio of 15.80 and a beta of 1.02. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. 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 moving average price of $84.17 and a 200 day moving average price of $67.12.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Rosenblatt Securities raised their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. StockNews.com began coverage on Liberty Broadband in a research note on Friday, November 29th. They set a "sell" rating for the company.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares of the company's stock, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is owned by company insiders.

Liberty Broadband Company 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.