Liberty Broadband Co. (NASDAQ:LBRDK) Position Lowered by Mirabella Financial Services LLP

Mirabella Financial Services LLP decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 30.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 658,184 shares of the company's stock after selling 294,484 shares during the quarter. Liberty Broadband comprises approximately 3.3% of Mirabella Financial Services LLP's investment portfolio, making the stock its 4th largest position. Mirabella Financial Services LLP owned approximately 0.46% of Liberty Broadband worth $50,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hi Line Capital Management LLC boosted its position 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 worth $10,902,000 after purchasing an additional 117,483 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Liberty Broadband by 172.6% during the second quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock valued at $14,173,000 after buying an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Liberty Broadband during the third quarter worth $861,000. Commonwealth Equity Services LLC purchased a new stake in Liberty Broadband in the 2nd quarter valued at $602,000. Finally, Logan Stone Capital LLC raised its holdings in shares of 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 purchasing an additional 116,197 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction dated Wednesday, September 25th. The shares were 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 of the company's stock, valued at $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 11,054 shares of the company's stock, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,673 shares of company stock worth $509,688. Company insiders own 10.80% of the company's stock.

Liberty Broadband Price Performance

Shares of LBRDK traded down $1.22 during midday trading on Monday, reaching $85.70. The stock had a trading volume of 1,275,153 shares, compared to its average volume of 1,200,061. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 15.78 and a beta of 1.02. The company's 50-day moving average is $81.17 and its 200 day moving average is $65.54. 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 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted 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). The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.10 earnings per share. On average, equities analysts predict that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LBRDK has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Liberty Broadband in a research note on Thursday. They set a "sell" rating on the stock. Rosenblatt Securities raised their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th.

About Liberty Broadband

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.