Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Hi Line Capital Management LLC

Hi Line Capital Management LLC raised its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 498.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,056 shares of the company's stock after buying an additional 117,483 shares during the quarter. Liberty Broadband accounts for about 5.4% of Hi Line Capital Management LLC's portfolio, making the stock its 5th largest position. Hi Line Capital Management LLC owned approximately 0.10% of Liberty Broadband worth $10,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company's stock valued at $33,000 after buying an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock worth $34,000 after acquiring an additional 191 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company's stock worth $25,000 after purchasing an additional 440 shares during the period. Beach Investment Counsel Inc. PA bought a new position in shares of Liberty Broadband during the 2nd quarter valued at about $36,000. Finally, Mather Group LLC. grew 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 valued at $44,000 after purchasing an additional 388 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the 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 completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Liberty Broadband 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 completion of the transaction, the insider now directly owns 3,670 shares of the company's stock, valued at $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. 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 Up 11.2 %

NASDAQ:LBRDK traded up $9.08 during trading hours on Friday, reaching $89.90. 2,310,584 shares of the stock were exchanged, compared to its average volume of 1,154,468. The stock has a market cap of $12.84 billion, a PE ratio of 16.23 and a beta of 1.03. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $93.66. The firm has a 50 day moving average of $71.97 and a 200 day moving average of $60.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $244.25 million. During the same period last year, the business posted $1.71 EPS. On average, equities analysts expect that Liberty Broadband Co. will post 8.45 earnings per share for the current year.

Wall Street Analyst Weigh In

LBRDK has been the topic of several research analyst reports. Rosenblatt Securities raised their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Morgan Stanley boosted their price objective on shares of 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.