Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Algert Global LLC

Algert Global LLC lowered its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 46.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,904 shares of the company’s stock after selling 35,598 shares during the quarter. Algert Global LLC’s holdings in Liberty Broadband were worth $3,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Advisors Ltd. LLC lifted its position 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 acquiring an additional 191 shares during the period. Wahed Invest LLC lifted its holdings in shares of 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 purchasing an additional 281 shares during the period. GAMMA Investing LLC boosted 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 buying an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Liberty Broadband by 1.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after buying an additional 302 shares during the period. Finally, KBC Group NV raised its position in 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 buying an additional 382 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Liberty Broadband

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

Liberty Broadband Trading Down 1.4 %

Liberty Broadband stock opened at $85.70 on Tuesday. The firm has a market cap of $12.24 billion, a PE ratio of 15.78 and a beta of 1.02. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The stock’s 50 day simple moving average is $81.65 and its two-hundred day simple moving average is $65.79. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) 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). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same period last year, the company posted $1.10 earnings per share. Analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share 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.