Natixis Advisors LLC Trims Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Natixis Advisors LLC reduced its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 387,548 shares of the company's stock after selling 38,373 shares during the quarter. Natixis Advisors LLC owned about 0.27% of Liberty Broadband worth $29,953,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new stake in shares of Liberty Broadband during the third quarter worth about $275,000. KBC Group NV boosted its stake in Liberty Broadband by 6.9% during the 3rd quarter. KBC Group NV now owns 5,893 shares of the company's stock valued at $455,000 after purchasing an additional 382 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Liberty Broadband by 2.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,621 shares of the company's stock worth $3,140,000 after purchasing an additional 1,052 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Liberty Broadband by 45.6% in the third quarter. Venturi Wealth Management LLC now owns 4,242 shares of the company's stock valued at $328,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in Liberty Broadband during the 3rd quarter worth $254,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LBRDK has been the subject of a number of research reports. Rosenblatt Securities increased their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. StockNews.com began coverage on Liberty Broadband in a research report on Wednesday, November 13th. They issued a "sell" rating for the company.

Insider Buying and Selling

In related 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 directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was 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 in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK traded down $1.07 during midday trading on Monday, hitting $87.25. 2,067,570 shares of the company's stock were exchanged, compared to its average volume of 1,203,359. The business's fifty day moving average price is $78.50 and its two-hundred day moving average price is $64.32. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 16.27 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 Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the company earned $1.10 EPS. As a group, research analysts forecast that Liberty Broadband Co. will post 6.72 EPS 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.