Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Boussard & Gavaudan Investment Management LLP

Boussard & Gavaudan Investment Management LLP reduced its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 51.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,519 shares of the company’s stock after selling 97,084 shares during the quarter. Boussard & Gavaudan Investment Management LLP’s holdings in Liberty Broadband were worth $7,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in Liberty Broadband by 0.5% in the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after purchasing an additional 125 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Wahed Invest LLC increased its stake in Liberty Broadband by 14.2% during the first quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock worth $130,000 after acquiring an additional 281 shares during the last quarter. GAMMA Investing LLC increased its stake 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. Finally, DekaBank Deutsche Girozentrale increased its stake in Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after acquiring an additional 302 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LBRDK shares. Rosenblatt Securities upped their price target on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. StockNews.com started coverage on Liberty Broadband in a research note on Thursday, November 21st. They set a “sell” rating for the company.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated 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 approximately $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The shares were 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 directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Price Performance

LBRDK stock opened at $84.38 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The firm has a market cap of $12.05 billion, a P/E ratio of 15.54 and a beta of 1.02. The stock has a 50-day simple moving average of $82.56 and a 200-day simple moving average of $66.14.

Liberty Broadband (NASDAQ:LBRDK) last posted its 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). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the business posted $1.10 EPS. On average, equities analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

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.