Liberty Broadband Co. (NASDAQ:LBRDK) Holdings Lessened by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 218,800 shares of the company’s stock after selling 10,033 shares during the quarter. Liberty Broadband makes up about 6.6% of Investment Management Associates Inc. ADV’s holdings, making the stock its 5th largest position. Investment Management Associates Inc. ADV owned 0.15% of Liberty Broadband worth $16,911,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LBRDK. Versant Capital Management Inc lifted its position in 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 purchasing an additional 440 shares during the period. GAMMA Investing LLC lifted its position in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares during the period. Capital Advisors Ltd. LLC lifted its position in 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 purchasing an additional 191 shares during the period. Beach Investment Counsel Inc. PA acquired a new stake in shares of Liberty Broadband during the 2nd quarter valued at approximately $36,000. Finally, Mather Group LLC. lifted its position in shares of Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after acquiring an additional 388 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LBRDK shares. Rosenblatt Securities raised their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their target price on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th.

Insiders Place Their Bets

In related news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $338,624.88. Following the sale, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $98.46 on Tuesday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 18.01 and a beta of 1.02. The company has a 50-day moving average price of $75.28 and a two-hundred day moving average price of $62.79.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.53% and a net margin of 78.07%. During the same quarter in the previous year, the business posted $1.10 earnings per share. Analysts forecast that Liberty Broadband Co. will post 8.45 EPS for the current year.

Liberty Broadband Company 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.