Liberty Broadband Co. (NASDAQ:LBRDK) Holdings Boosted by Palliser Capital UK Ltd

Palliser Capital UK Ltd lifted its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 69.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 480,192 shares of the company's stock after purchasing an additional 196,268 shares during the period. Liberty Broadband comprises 25.1% of Palliser Capital UK Ltd's holdings, making the stock its biggest position. Palliser Capital UK Ltd owned 0.34% of Liberty Broadband worth $37,114,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Whitebox Advisors LLC lifted its position in shares of Liberty Broadband by 29.5% in the 2nd 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 period. Assenagon Asset Management S.A. raised its stake in shares of Liberty Broadband by 107.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock worth $224,088,000 after acquiring an additional 1,502,249 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock worth $113,045,000 after acquiring an additional 330,159 shares in the last quarter. Highbridge Capital Management LLC raised its stake in shares of 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 acquiring an additional 208,153 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Liberty Broadband by 67.4% during the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company's stock worth $56,584,000 after acquiring an additional 415,619 shares in the last quarter. Hedge funds and other 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 stock in a transaction on 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 owns 3,670 shares in the company, valued at $280,975.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on LBRDK. Morgan Stanley boosted their price objective on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Friday, July 19th. 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 note on Wednesday, August 14th.

Liberty Broadband Stock Performance

Liberty Broadband stock traded up $9.08 during mid-day trading on Friday, reaching $89.90. 2,310,584 shares of the company traded hands, compared to its average volume of 836,914. 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 Co. has a fifty-two week low of $46.46 and a fifty-two week high of $93.66. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 16.23 and a beta of 1.02. The firm's fifty day moving average is $71.97 and its two-hundred day moving average is $61.06.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) 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 company had revenue of $246.00 million for the quarter, compared to analyst estimates of $244.25 million. During the same quarter in the previous year, the company posted $1.71 EPS. On average, equities research analysts expect that Liberty Broadband Co. will post 8.45 earnings per share for the current fiscal year.

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.