Algert Global LLC Trims Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Algert Global LLC decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 46.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,904 shares of the company’s stock after selling 35,598 shares during the period. Algert Global LLC’s holdings in Liberty Broadband were worth $3,161,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake 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 worth $25,000 after acquiring an additional 440 shares during the period. GAMMA Investing LLC lifted its holdings in Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the period. Beach Investment Counsel Inc. PA purchased a new stake in Liberty Broadband during the 2nd quarter valued at approximately $36,000. Finally, Mather Group LLC. raised its position in shares of Liberty Broadband by 103.7% during 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 during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of LBRDK stock opened at $85.70 on Tuesday. The stock has a 50 day moving average price of $81.65 and a 200 day moving average price of $65.79. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $12.24 billion, a P/E ratio of 15.78 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, sell-side analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Insider Transactions at Liberty Broadband

In other news, insider Renee L. Wilm sold 4,423 shares of the business’s 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 directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s 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 sale, 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. In the last 90 days, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LBRDK has been the subject of a number of research analyst reports. Rosenblatt Securities raised their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. StockNews.com initiated coverage on Liberty Broadband in a report on Thursday, November 21st. They set a “sell” rating for the company.

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.