Paloma Partners Management Co Sells 7,786 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Paloma Partners Management Co trimmed its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 58.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,622 shares of the company's stock after selling 7,786 shares during the period. Paloma Partners Management Co's holdings in Liberty Broadband were worth $435,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LBRDK. Comerica Bank boosted its holdings in Liberty Broadband by 33.4% during the first quarter. Comerica Bank now owns 26,011 shares of the company's stock worth $1,489,000 after buying an additional 6,511 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company's stock worth $919,000 after buying an additional 302 shares in the last quarter. Mather Group LLC. boosted its stake in Liberty Broadband by 103.7% in the 2nd quarter. Mather Group LLC. now owns 762 shares of the company's stock worth $44,000 after purchasing an additional 388 shares during the period. 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 worth $124,000 after purchasing an additional 1,400 shares during the period. Finally, Sendero Wealth Management LLC boosted its stake in Liberty Broadband by 543.4% in the 2nd quarter. Sendero Wealth Management LLC now owns 61,432 shares of the company's stock worth $3,368,000 after purchasing an additional 51,884 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Liberty Broadband news, 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 transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock worth $509,688 in the last ninety days. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Friday, November 29th. They issued a "sell" rating for the company. Rosenblatt Securities raised their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th.

Liberty Broadband Stock Performance

LBRDK traded up $0.11 during trading on Thursday, hitting $86.47. The stock had a trading volume of 569,175 shares, compared to its average volume of 1,195,198. The firm has a market cap of $12.35 billion, a PE ratio of 15.90 and a beta of 1.02. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a 50 day simple moving average of $84.42 and a 200-day simple moving average of $67.26.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter last year, the business earned $1.10 EPS. Analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current year.

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.