Wilmington Savings Fund Society FSB Takes $1.82 Million Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,622 shares of the company's stock, valued at approximately $1,815,000.

A number of other hedge funds also recently added to or reduced their stakes in LBRDA. Virtu Financial LLC lifted its stake in Liberty Broadband by 53.8% during the 3rd quarter. Virtu Financial LLC now owns 35,781 shares of the company's stock valued at $2,749,000 after acquiring an additional 12,519 shares during the period. Barclays PLC raised its holdings in shares of Liberty Broadband by 244.6% during the third quarter. Barclays PLC now owns 4,887 shares of the company's stock valued at $375,000 after purchasing an additional 3,469 shares during the last quarter. M&T Bank Corp bought a new position in Liberty Broadband during the third quarter valued at approximately $338,000. Stifel Financial Corp purchased a new stake in Liberty Broadband in the third quarter worth approximately $1,235,000. Finally, Quantinno Capital Management LP bought a new stake in Liberty Broadband in the 3rd quarter worth approximately $260,000. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Liberty Broadband stock traded down $0.94 during midday trading on Friday, reaching $81.70. 163,071 shares of the stock traded hands, compared to its average volume of 163,466. The stock has a market cap of $11.67 billion, a P/E ratio of 15.05 and a beta of 1.05. The stock's fifty day moving average is $84.48 and its 200-day moving average is $68.03. 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 12 month low of $47.17 and a 12 month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.66). The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter last year, the business earned $1.10 EPS.

Insider Buying and Selling

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, 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 SEC, which is available at this hyperlink. 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 directly owns 11,054 shares of the company's stock, valued at $838,335.36. This 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 three months. 14.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on LBRDA. Rosenblatt Securities cut shares of Liberty Broadband from a "buy" rating to a "neutral" rating and increased 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 issued a $95.00 price target (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

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.