Athos Capital Ltd Buys New Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Athos Capital Ltd purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $4,637,000. Liberty Broadband accounts for about 1.5% of Athos Capital Ltd’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds have also made changes to their positions in LBRDK. The Manufacturers Life Insurance Company grew its position in shares of Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after buying an additional 125 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Liberty Broadband by 1.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after acquiring an additional 302 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Liberty Broadband by 6.9% during the 3rd quarter. KBC Group NV now owns 5,893 shares of the company’s stock worth $455,000 after acquiring an additional 382 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Up 0.9 %

Shares of NASDAQ LBRDK opened at $85.14 on Monday. 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 52-week low of $46.46 and a 52-week high of $101.50. The business has a 50-day moving average price of $83.52 and a 200 day moving average price of $66.68. The stock has a market cap of $12.16 billion, a PE ratio of 15.68 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 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 company earned $1.10 EPS. Equities research analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Insider Buying and Selling at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the firm’s 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 sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com initiated coverage on Liberty Broadband in a report on Friday. They issued a “sell” rating for the company. Rosenblatt Securities increased their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

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.