National Bank of Canada FI Makes New $3.54 Million Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

National Bank of Canada FI purchased a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,809 shares of the company's stock, valued at approximately $3,541,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of Liberty Broadband in the third quarter valued at $28,000. GAMMA Investing LLC boosted its position in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $82,000. Finally, CWM LLC boosted its stake in Liberty Broadband by 163.7% in the 2nd quarter. CWM LLC now owns 2,255 shares of the company's stock valued at $124,000 after buying an additional 1,400 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 value of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value 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. This trade represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock valued at $509,688 in the last quarter. Company insiders own 10.80% of the company's stock.

Liberty Broadband Trading Down 1.1 %

Shares of LBRDK traded down $0.93 on Friday, reaching $82.38. 919,607 shares of the company's stock were exchanged, compared to its average volume of 1,194,448. The business has a 50 day moving average price of $85.02 and a two-hundred day moving average price of $68.43. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The stock has a market capitalization of $11.77 billion, a P/E ratio of 15.34 and a beta of 1.02. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the company posted $1.10 EPS. Research analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Saturday, December 7th. They set a "sell" rating on the stock.

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.