Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 63.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,576 shares of the company's stock after selling 9,723 shares during the quarter. Clear Harbor Asset Management LLC's holdings in Liberty Broadband were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FORA Capital LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter worth $1,855,000. Qsemble Capital Management LP purchased a new stake in shares of Liberty Broadband during the 1st quarter worth $1,308,000. SG Americas Securities LLC raised its stake in Liberty Broadband by 1,551.1% in the first quarter. SG Americas Securities LLC now owns 66,970 shares of the company's stock valued at $3,833,000 after buying an additional 62,914 shares during the last quarter. Duality Advisers LP purchased a new stake in Liberty Broadband in the first quarter valued at about $2,634,000. Finally, State Board of Administration of Florida Retirement System raised its stake in Liberty Broadband by 19.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 146,721 shares of the company's stock valued at $8,397,000 after buying an additional 23,489 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Insider Activity

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 transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, 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 transaction of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband 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 transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.80% of the company's stock.

Liberty Broadband Stock Performance

Liberty Broadband stock traded down $0.55 during midday trading on Monday, hitting $81.34. 581,027 shares of the company were exchanged, compared to its average volume of 1,150,419. The firm has a market capitalization of $11.62 billion, a PE ratio of 13.90 and a beta of 1.03. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $87.54. The business has a fifty day simple moving average of $69.86 and a two-hundred day simple moving average of $59.95. 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 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 during the quarter, compared to analyst estimates of $244.25 million. During the same period in the previous year, the business posted $1.71 earnings per share. On average, sell-side analysts forecast that Liberty Broadband Co. will post 8.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

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