UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,673 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 29.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,611 shares of the company's stock after selling 13,673 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Liberty Broadband were worth $2,505,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in Liberty Broadband by 9.1% in the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company's stock valued at $163,000 after buying an additional 177 shares during the last quarter. Bfsg LLC grew its holdings in shares of Liberty Broadband by 11.1% during the 2nd quarter. Bfsg LLC now owns 3,340 shares of the company's stock worth $182,000 after purchasing an additional 335 shares during the period. GAMMA Investing LLC grew its holdings in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company's stock worth $48,000 after purchasing an additional 390 shares during the period. American National Bank & Trust acquired a new position in Liberty Broadband during the 3rd quarter worth approximately $32,000. Finally, Glenmede Trust Co. NA raised its position in shares of Liberty Broadband by 116.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock valued at $76,000 after purchasing an additional 533 shares in the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband 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 completion of the transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 11,054 shares of the company's stock, valued at $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 sold a total of 6,673 shares of company stock worth $509,688 over the last quarter. Insiders own 14.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LBRDA shares. Rosenblatt Securities cut shares of Liberty Broadband from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

Liberty Broadband Trading Down 1.1 %

NASDAQ LBRDA traded down $0.94 on Friday, hitting $81.70. The company's stock had a trading volume of 163,071 shares, compared to its average volume of 163,466. The company's 50-day moving average is $84.48 and its 200 day moving average is $68.14. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44. The firm has a market cap of $11.67 billion, a PE ratio of 15.05 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.66). The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $242.40 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 company earned $1.10 earnings per share.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.