Walleye Capital LLC bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,155 shares of the company's stock, valued at approximately $2,253,000.
Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock worth $33,000 after acquiring an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after buying an additional 191 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Liberty Broadband by 4,888.9% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company's stock valued at $25,000 after buying an additional 440 shares in the last quarter. Mather Group LLC. raised its position in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company's stock valued at $44,000 after buying an additional 388 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Liberty Broadband in the third quarter valued at approximately $82,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.
Liberty Broadband Stock Performance
Shares of Liberty Broadband stock traded up $0.55 during trading hours on Wednesday, reaching $86.36. The company had a trading volume of 956,612 shares, compared to its average volume of 1,197,265. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. The business has a fifty day simple moving average of $84.17 and a 200 day simple moving average of $67.12. 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 firm has a market cap of $12.34 billion, a PE ratio of 15.80 and a beta of 1.02.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the prior year, the business posted $1.10 EPS. On average, analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owns 3,670 shares in the company, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. 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 90 days. Insiders own 10.80% of the company's stock.
Analysts Set New Price Targets
LBRDK has been the topic of a number of recent analyst reports. StockNews.com started coverage on shares of Liberty Broadband in a research note on Friday, November 29th. They issued a "sell" rating on the stock. Rosenblatt Securities boosted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a report on Wednesday, August 14th.
Check Out Our Latest Analysis on LBRDK
Liberty Broadband Profile
(
Free Report)
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.
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