XTX Topco Ltd Takes Position in Liberty Broadband Co. (NASDAQ:LBRDK)

XTX Topco Ltd acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,332 shares of the company's stock, valued at approximately $644,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI purchased a new stake in Liberty Broadband in the 3rd quarter valued at about $3,541,000. Jane Street Group LLC raised its holdings in Liberty Broadband by 2.3% in the 3rd quarter. Jane Street Group LLC now owns 257,979 shares of the company's stock valued at $19,939,000 after buying an additional 5,780 shares during the period. Stifel Financial Corp raised its holdings in Liberty Broadband by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 94,461 shares of the company's stock valued at $7,301,000 after buying an additional 1,409 shares during the period. Sand Grove Capital Management LLP purchased a new stake in Liberty Broadband in the 3rd quarter valued at about $2,627,000. Finally, Quantinno Capital Management LP raised its holdings in Liberty Broadband by 15.6% in the 3rd quarter. Quantinno Capital Management LP now owns 32,653 shares of the company's stock valued at $2,524,000 after buying an additional 4,403 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Saturday, December 7th. They set a "sell" rating on the stock.

Liberty Broadband Stock Down 1.1 %

LBRDK traded down $0.93 on Friday, reaching $82.38. The company's stock had a trading volume of 920,065 shares, compared to its average volume of 1,194,448. The stock has a 50 day moving average of $85.02 and a two-hundred day moving average of $68.43. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 15.34 and a beta of 1.02. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to analyst estimates 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 last year, the company earned $1.10 earnings per share. As a group, analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Insider Activity

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the insider now owns 3,670 shares of the company's stock, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by company insiders.

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.