Assenagon Asset Management S.A. Grows Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 107.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,899,318 shares of the company's stock after purchasing an additional 1,502,249 shares during the period. Assenagon Asset Management S.A. owned 2.03% of Liberty Broadband worth $224,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company's stock valued at $33,000 after purchasing an additional 283 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Liberty Broadband by 4,888.9% in the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company's stock worth $25,000 after acquiring an additional 440 shares in the last quarter. Beach Investment Counsel Inc. PA bought a new position in shares of Liberty Broadband in the 2nd quarter worth approximately $36,000. Mather Group LLC. raised its position in shares of Liberty Broadband by 103.7% in the 2nd quarter. Mather Group LLC. now owns 762 shares of the company's stock worth $44,000 after acquiring an additional 388 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of Liberty Broadband by 88.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company's stock worth $97,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 80.22% of the company's stock.

Insider Buying and Selling at Liberty Broadband

In other news, insider Renee L. Wilm sold 4,423 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Brian J. Wendling sold 2,208 shares of the firm'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 directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.80% of the company's stock.

Liberty Broadband Stock Down 0.5 %

Shares of Liberty Broadband stock traded down $0.41 during midday trading on Thursday, hitting $80.91. The company had a trading volume of 612,352 shares, compared to its average volume of 1,156,334. The company has a 50 day moving average of $69.12 and a 200 day moving average of $59.47. 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 Co. has a 52-week low of $46.46 and a 52-week high of $89.45. The stock has a market capitalization of $11.56 billion, a P/E ratio of 13.74 and a beta of 1.03.

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 business had revenue of $246.00 million for the quarter, compared to analysts' expectations of $244.25 million. During the same quarter in the prior year, the business posted $1.71 earnings per share. On average, equities analysts predict that Liberty Broadband Co. will post 8.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LBRDK. Rosenblatt Securities increased their target price on 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 increased 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.

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.