80,872 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Bought by BlueDrive Global Investors LLP

BlueDrive Global Investors LLP bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 80,872 shares of the company's stock, valued at approximately $6,251,000. Liberty Broadband comprises about 7.3% of BlueDrive Global Investors LLP's portfolio, making the stock its 7th biggest holding. BlueDrive Global Investors LLP owned 0.06% of Liberty Broadband at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LBRDK. Goldman Sachs Group Inc. increased its stake in shares of Liberty Broadband by 18.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 422,179 shares of the company's stock valued at $34,023,000 after buying an additional 65,855 shares during the period. Vanguard Group Inc. lifted its position in shares of Liberty Broadband by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 11,213,505 shares of the company's stock worth $903,696,000 after purchasing an additional 243,156 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Liberty Broadband in the 1st quarter worth approximately $329,000. Alaska Permanent Fund Corp boosted its stake in shares of Liberty Broadband by 15.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 36,829 shares of the company's stock valued at $2,108,000 after purchasing an additional 4,915 shares during the last quarter. Finally, Chemistry Wealth Management LLC raised its stake in Liberty Broadband by 29.3% during the first quarter. Chemistry Wealth Management LLC now owns 15,348 shares of the company's stock worth $878,000 after buying an additional 3,476 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction dated Thursday, September 26th. The shares were 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 directly owns 11,054 shares of the company's stock, valued at $838,335.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction 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 approximately $838,335.36. 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, insider Renee L. Wilm sold 4,423 shares of the 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 transaction, the insider now directly owns 3,670 shares of the company's stock, valued at $280,975.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

Liberty Broadband Stock Down 0.4 %

NASDAQ LBRDK traded down $0.36 on Friday, hitting $79.70. 739,795 shares of the company were exchanged, compared to its average volume of 1,164,874. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The company has a market cap of $11.38 billion, a PE ratio of 13.53 and a beta of 1.03. The stock has a fifty day moving average of $68.09 and a 200-day moving average of $58.89. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $94.30.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.15). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The firm had revenue of $246.00 million during the quarter, compared to analyst estimates of $244.25 million. During the same quarter in the prior year, the business earned $1.71 earnings per share. As a group, analysts forecast that Liberty Broadband Co. will post 8.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on LBRDK shares. Rosenblatt Securities upped their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Morgan Stanley upped their target price on Liberty Broadband from $62.00 to $69.00 and gave the company an "equal weight" rating in a research report on Friday, July 19th.

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.