Seizert Capital Partners LLC Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Seizert Capital Partners LLC lifted its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 20.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,768 shares of the company's stock after purchasing an additional 24,315 shares during the quarter. Seizert Capital Partners LLC owned 0.10% of Liberty Broadband worth $11,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Schneider Downs Wealth Management Advisors LP bought a new position in shares of Liberty Broadband during the 3rd quarter valued at $209,000. CIBC Asset Management Inc purchased a new position in shares of Liberty Broadband in the third quarter worth about $275,000. KBC Group NV lifted its stake in shares of Liberty Broadband by 6.9% in the 3rd quarter. KBC Group NV now owns 5,893 shares of the company's stock valued at $455,000 after acquiring an additional 382 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position 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 acquiring an additional 1,052 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Liberty Broadband by 45.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,242 shares of the company's stock worth $328,000 after purchasing an additional 1,328 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Down 1.6 %

LBRDK stock traded down $1.40 on Friday, reaching $88.32. 1,541,034 shares of the company traded hands, compared to its average volume of 1,508,484. The firm has a fifty day simple moving average of $78.50 and a 200-day simple moving average of $64.23. The company has a market cap of $12.62 billion, a P/E ratio of 16.27 and a beta of 1.02. Liberty Broadband Co. has a one year low of $46.46 and a one 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.

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

Insider Activity at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now 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 disclosure for this sale can be found here. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on LBRDK shares. StockNews.com initiated coverage on shares of Liberty Broadband in a report on Wednesday. They set a "sell" rating for the company. Rosenblatt Securities raised their target price on 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 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.