Nilsine Partners LLC Raises Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Nilsine Partners LLC increased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 234.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,870 shares of the company's stock after buying an additional 6,922 shares during the quarter. Nilsine Partners LLC's holdings in Liberty Broadband were worth $738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Groupama Asset Managment bought a new stake in Liberty Broadband during the third quarter worth $25,000. Quarry LP purchased a new position in shares of Liberty Broadband in the 3rd quarter worth about $28,000. GAMMA Investing LLC grew its position in Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock valued at $33,000 after buying an additional 283 shares during the period. Capital Advisors Ltd. LLC raised its position in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock worth $34,000 after acquiring an additional 191 shares during the period. Finally, Blue Trust Inc. boosted its stake in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after acquiring an additional 266 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 125,000 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,435,256 shares of the company's stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 196,542 shares of company stock worth $15,834,108 in the last ninety days. 10.80% of the stock is owned by insiders.

Liberty Broadband Price Performance

NASDAQ LBRDK traded up $2.05 during trading hours on Friday, reaching $76.66. 1,751,660 shares of the stock traded hands, compared to its average volume of 728,591. The stock has a 50 day simple moving average of $79.13 and a two-hundred day simple moving average of $74.56. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 14.12 and a beta of 1.04.

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 net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Saturday. They issued a "sell" rating for the company.

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.