DekaBank Deutsche Girozentrale Buys New Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

DekaBank Deutsche Girozentrale bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,251 shares of the company's stock, valued at approximately $1,260,000.

Several other institutional investors have also recently added to or reduced their stakes in LBRDK. Whitebox Advisors LLC boosted its holdings in Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock valued at $163,260,000 after purchasing an additional 677,785 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock worth $224,088,000 after purchasing an additional 1,502,249 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Broadband by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock worth $113,045,000 after purchasing an additional 330,159 shares during the last quarter. Highbridge Capital Management LLC increased its position in Liberty Broadband by 22.6% in the 2nd quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company's stock valued at $61,834,000 after acquiring an additional 208,153 shares during the period. Finally, Millennium Management LLC increased its position in Liberty Broadband by 67.4% in the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company's stock valued at $56,584,000 after acquiring an additional 415,619 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of LBRDK traded up $9.08 on Friday, hitting $89.90. The company's stock had a trading volume of 2,310,584 shares, compared to its average volume of 836,914. The company has a market capitalization of $12.84 billion, a PE ratio of 16.23 and a beta of 1.02. 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 50 day moving average price of $71.97 and a 200 day moving average price of $61.15.

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

Insiders Place Their Bets

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company's 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company's 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible 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 sale, the chief accounting officer now owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This represents 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target 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. Rosenblatt Securities raised their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th.

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.