Liberty Broadband Co. (NASDAQ:LBRDA) Short Interest Update

Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 328,200 shares, a decline of 8.7% from the September 30th total of 359,400 shares. Currently, 2.0% of the company's stock are sold short. Based on an average daily volume of 145,800 shares, the short-interest ratio is currently 2.3 days.

Insiders Place Their Bets

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband 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 transaction, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at $838,335.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction 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 transaction, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.19% of the company's stock.

Hedge Funds Weigh In On Liberty Broadband

Large investors have recently modified their holdings of the stock. American National Bank & Trust bought a new position in Liberty Broadband in the 3rd quarter valued at approximately $32,000. 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 in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Liberty Broadband during the first quarter valued at $49,000. Central Pacific Bank Trust Division purchased a new position in Liberty Broadband in the 1st quarter worth about $72,000. Finally, CWM LLC grew its stake in shares of Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company's stock worth $74,000 after acquiring an additional 716 shares during the period. Hedge funds and other institutional investors own 10.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LBRDA shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Liberty Broadband from $104.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Citigroup cut Liberty Broadband from a "buy" rating to a "neutral" rating and reduced their price target for the company from $67.00 to $57.00 in a research report on Wednesday, July 3rd.

Liberty Broadband Stock Down 1.1 %

Shares of NASDAQ:LBRDA traded down $0.88 during trading on Thursday, hitting $80.23. The stock had a trading volume of 190,418 shares, compared to its average volume of 145,705. The company has a market capitalization of $11.46 billion, a PE ratio of 13.77 and a beta of 1.06. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average is $70.23 and its 200 day moving average is $60.13. Liberty Broadband has a 12 month low of $47.17 and a 12 month high of $87.49.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.12 by ($1.76). The business had revenue of $246.00 million for the quarter. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same period in the prior year, the business posted $1.71 earnings per share.

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. 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.