Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Readystate Asset Management LP

Readystate Asset Management LP increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 53.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,705 shares of the company's stock after buying an additional 59,628 shares during the quarter. Readystate Asset Management LP owned about 0.12% of Liberty Broadband worth $13,194,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. 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. Capital Advisors Ltd. LLC lifted its position in Liberty Broadband by 75.8% during the 3rd 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. 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. Brooklyn Investment Group acquired a new stake in Liberty Broadband during the 3rd quarter worth approximately $82,000. Finally, CWM LLC lifted its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 80.22% of the company's stock.

Insider Activity at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $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 a total of 6,673 shares of company stock valued at $509,688 over the last three months. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LBRDK shares. StockNews.com started coverage on Liberty Broadband in a report on Friday, November 29th. They set a "sell" rating for the company. Rosenblatt Securities lifted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th.

Liberty Broadband Stock Down 0.0 %

Shares of LBRDK traded down $0.01 during midday trading on Thursday, reaching $86.35. 173,363 shares of the company were exchanged, compared to its average volume of 1,193,481. The stock has a 50-day moving average price of $84.42 and a 200-day moving average price of $67.26. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 15.90 and a beta of 1.02. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year 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.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly 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). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the firm posted $1.10 EPS. Research analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current 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.