Delta Investment Management LLC Decreases Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Delta Investment Management LLC decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,517 shares of the company's stock after selling 9,973 shares during the quarter. Delta Investment Management LLC's holdings in Liberty Broadband were worth $1,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Liberty Broadband during the 1st quarter valued at about $49,000. Central Pacific Bank Trust Division purchased a new stake in Liberty Broadband in the 1st quarter valued at $72,000. CWM LLC raised its position in Liberty Broadband by 112.6% in the 2nd quarter. CWM LLC now owns 1,352 shares of the company's stock valued at $74,000 after buying an additional 716 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Liberty Broadband by 166,900.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,670 shares of the company's stock valued at $91,000 after acquiring an additional 1,669 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Liberty Broadband by 184.3% during the 2nd quarter. Signaturefd LLC now owns 1,942 shares of the company's stock worth $106,000 after acquiring an additional 1,259 shares during the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

LBRDA traded up $1.12 during midday trading on Thursday, reaching $75.17. The company had a trading volume of 357,806 shares, compared to its average volume of 151,405. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $95.08. The business has a 50-day moving average price of $61.51 and a two-hundred day moving average price of $55.97. The stock has a market cap of $10.74 billion, a PE ratio of 12.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68.

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

Analyst Ratings Changes

LBRDA has been the topic of a number of recent analyst reports. Citigroup lowered shares of Liberty Broadband from a "buy" rating to a "neutral" rating and dropped their price target for the company from $67.00 to $57.00 in a research report on Wednesday, July 3rd. Evercore ISI cut their target price on Liberty Broadband from $106.00 to $72.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Liberty Broadband from $104.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 16th.

Insider Activity at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares of the company's stock, valued at $280,975.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 14.19% of the stock is currently owned by corporate insiders.

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.