D. E. Shaw & Co. Inc. Sells 35,264 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

D. E. Shaw & Co. Inc. cut its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 732,646 shares of the company's stock after selling 35,264 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.51% of Liberty Broadband worth $40,002,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LBRDA. Norges Bank bought a new stake in shares of Liberty Broadband during the 4th quarter valued at approximately $17,239,000. Mango Investments LLC bought a new stake in Liberty Broadband during the 4th quarter worth approximately $3,181,000. Vanguard Group Inc. grew its holdings in Liberty Broadband by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,570,076 shares of the company's stock worth $126,611,000 after acquiring an additional 5,709 shares during the last quarter. Alaska Permanent Fund Corp grew its holdings in Liberty Broadband by 101.1% during the 1st quarter. Alaska Permanent Fund Corp now owns 11,233 shares of the company's stock worth $642,000 after acquiring an additional 5,648 shares during the last quarter. Finally, AMI Investment Management Inc. grew its holdings in Liberty Broadband by 7.9% during the 1st quarter. AMI Investment Management Inc. now owns 36,410 shares of the company's stock worth $2,080,000 after acquiring an additional 2,672 shares during the last quarter. 10.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction 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 transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were 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 owns 3,670 shares in the company, valued at approximately $280,975.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares of the company's stock, valued at approximately $838,335.36. The disclosure for this sale can be found here. Corporate insiders own 14.19% of the company's stock.

Liberty Broadband Stock Up 3.4 %

Shares of Liberty Broadband stock traded up $2.57 during trading on Friday, reaching $77.74. 147,327 shares of the company traded hands, compared to its average volume of 151,384. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68. The company has a 50 day moving average price of $62.30 and a 200-day moving average price of $56.23. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $95.08. The firm has a market capitalization of $11.11 billion, a PE ratio of 13.20 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $1.71 EPS.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LBRDA shares. Evercore ISI reduced their target price on shares of Liberty Broadband from $106.00 to $72.00 and set an "outperform" rating on the stock in a report on Tuesday, July 2nd. Citigroup lowered shares of Liberty Broadband from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $67.00 to $57.00 in a report on Wednesday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Liberty Broadband from $104.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 16th.

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.