SG Americas Securities LLC Sells 13,644 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

SG Americas Securities LLC cut its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 17.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,945 shares of the company's stock after selling 13,644 shares during the quarter. SG Americas Securities LLC's holdings in Liberty Broadband were worth $4,865,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Liberty Broadband by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 11,213,505 shares of the company's stock worth $903,696,000 after acquiring an additional 243,156 shares during the last quarter. Whitebox Advisors LLC grew its holdings in shares of Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock worth $163,260,000 after purchasing an additional 677,785 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Liberty Broadband by 19.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock valued at $113,045,000 after buying an additional 330,159 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband by 426.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company's stock valued at $76,587,000 after buying an additional 1,131,743 shares during the last quarter. Finally, Highbridge Capital Management LLC lifted its position in Liberty Broadband by 22.6% during the 2nd quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company's stock worth $61,834,000 after buying an additional 208,153 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Trading Down 0.5 %

NASDAQ:LBRDK traded down $0.36 on Monday, reaching $77.55. The company's stock had a trading volume of 912,118 shares, compared to its average volume of 1,178,884. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $95.53. The business's 50-day moving average price is $65.32 and its two-hundred day moving average price is $57.27. The firm has a market cap of $11.08 billion, a PE ratio of 13.17 and a beta of 1.03. 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:LBRDK - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.15). The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period in the prior year, the company earned $1.71 EPS. Equities research analysts anticipate that Liberty Broadband Co. will post 9.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LBRDK has been the subject of several research analyst reports. Rosenblatt Securities boosted their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Morgan Stanley boosted their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Friday, July 19th.

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 value of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Renee L. Wilm sold 4,423 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 3,670 shares of the company's stock, valued at $280,975.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a 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 stock was 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 $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.80% of the company's stock.

Liberty Broadband 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.