Mirabella Financial Services LLP Takes $3.67 Million Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Mirabella Financial Services LLP purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 47,763 shares of the company's stock, valued at approximately $3,669,000.

A number of other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC grew its holdings in Liberty Broadband by 9.1% during the third quarter. Signaturefd LLC now owns 2,119 shares of the company's stock worth $163,000 after acquiring an additional 177 shares during the period. Bfsg LLC boosted its position in shares of Liberty Broadband by 11.1% during the 2nd quarter. Bfsg LLC now owns 3,340 shares of the company's stock valued at $182,000 after purchasing an additional 335 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company's stock worth $48,000 after purchasing an additional 390 shares during the last quarter. American National Bank & Trust bought a new stake in shares of Liberty Broadband in the 3rd quarter worth approximately $32,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Liberty Broadband by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,838 shares of the company's stock valued at $505,000 after purchasing an additional 540 shares during the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % 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, 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 sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,673 shares of company stock worth $509,688 in the last ninety days. 14.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

LBRDA has been the topic of several recent analyst reports. Rosenblatt Securities downgraded Liberty Broadband from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA traded down $1.27 during trading on Monday, reaching $85.02. The stock had a trading volume of 150,397 shares, compared to its average volume of 148,724. The stock has a fifty day simple moving average of $80.54 and a two-hundred day simple moving average of $65.01. The company has a quick ratio of 2.07, a current 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 firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 15.89 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings results 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 net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $242.40 million. During the same quarter last year, the company earned $1.10 earnings per share.

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. 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.