Holocene Advisors LP Increases Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Holocene Advisors LP lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 166.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 297,528 shares of the company’s stock after purchasing an additional 185,798 shares during the period. Holocene Advisors LP owned about 0.21% of Liberty Broadband worth $22,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LBRDK. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Liberty Broadband by 4,888.9% in the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after buying an additional 440 shares in the last quarter. Mather Group LLC. raised its stake in Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Liberty Broadband in the third quarter valued at $82,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

LBRDK has been the topic of several research reports. StockNews.com initiated coverage on Liberty Broadband in a report on Friday. They set a “sell” rating on the stock. Rosenblatt Securities upped their target price on 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 Stock Down 0.6 %

Shares of NASDAQ:LBRDK opened at $84.61 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $12.09 billion, a P/E ratio of 15.58 and a beta of 1.02. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The firm has a fifty day moving average price of $83.99 and a 200 day moving average price of $66.89.

Liberty Broadband (NASDAQ:LBRDK) last released 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). The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the business earned $1.10 EPS. Sell-side analysts predict that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. 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.

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.