International Assets Investment Management LLC Has $974,000 Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

International Assets Investment Management LLC grew its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 9,029.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,598 shares of the company's stock after purchasing an additional 12,460 shares during the period. International Assets Investment Management LLC's holdings in Liberty Broadband were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc boosted 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 purchasing an additional 440 shares in the last quarter. GAMMA Investing LLC lifted its position in Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company's stock worth $33,000 after acquiring an additional 283 shares during the period. Beach Investment Counsel Inc. PA acquired a new stake in Liberty Broadband during the 2nd quarter worth about $36,000. Mather Group LLC. lifted its position in Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company's stock worth $44,000 after acquiring an additional 388 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in Liberty Broadband by 88.9% during 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 during the period. 80.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business'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 completion of the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. 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 link. In related news, 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the company's 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 of the company's stock, valued at approximately $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. Insiders own 10.80% of the company's stock.

Liberty Broadband Stock Performance

Shares of LBRDK traded up $1.56 during midday trading on Tuesday, reaching $93.26. 1,404,861 shares of the stock were exchanged, compared to its average volume of 1,157,847. The business's 50-day moving average price is $73.14 and its 200 day moving average price is $61.76. 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 twelve month low of $46.46 and a twelve month high of $94.48. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 16.83 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released 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 return on equity of 8.79% and a net margin of 81.86%. The company had revenue of $246.00 million for the quarter, compared to analysts' expectations of $244.25 million. During the same period in the prior year, the business earned $1.71 EPS. On average, sell-side analysts expect that Liberty Broadband Co. will post 8.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on LBRDK. Rosenblatt Securities boosted 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. Morgan Stanley upped their price objective on Liberty Broadband from $62.00 to $69.00 and gave the company an "equal weight" rating in a 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.