Hsbc Holdings PLC lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 85.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,965 shares of the company's stock after selling 23,576 shares during the period. Hsbc Holdings PLC's holdings in Liberty Broadband were worth $216,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in Liberty Broadband in the first quarter valued at $49,000. Central Pacific Bank Trust Division acquired a new position in Liberty Broadband in the first quarter valued at $72,000. CWM LLC increased its stake in Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company's stock valued at $74,000 after purchasing an additional 716 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Liberty Broadband by 166,900.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,670 shares of the company's stock valued at $91,000 after purchasing an additional 1,669 shares during the period. Finally, Signaturefd LLC increased its stake in Liberty Broadband by 184.3% in the second quarter. Signaturefd LLC now owns 1,942 shares of the company's stock valued at $106,000 after purchasing an additional 1,259 shares during the period. Hedge funds and other institutional investors own 10.29% of the company's stock.
Insider Activity
In other news, 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 transaction, the chief accounting officer now owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband 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 sale, the insider now owns 3,670 shares of the company's stock, valued at $280,975.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband 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 sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.19% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on LBRDA shares. Evercore ISI cut their price target on shares of Liberty Broadband from $106.00 to $72.00 and set an "outperform" rating for the company in a report on Tuesday, July 2nd. Citigroup cut shares of Liberty Broadband from a "buy" rating to a "neutral" rating and cut their price target for the stock from $67.00 to $57.00 in a report on Wednesday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 16th.
Read Our Latest Analysis on LBRDA
Liberty Broadband Price Performance
Shares of LBRDA stock traded up $0.69 during trading hours on Friday, hitting $77.44. The company's stock had a trading volume of 93,073 shares, compared to its average volume of 150,931. The business has a fifty day moving average of $64.35 and a 200-day moving average of $56.92. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 13.15 and a beta of 1.06. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $95.08. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its 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 firm had revenue of $246.00 million for the quarter. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter in the prior year, the business posted $1.71 EPS.
Liberty Broadband Profile
(
Free Report)
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.
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