Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Maven Securities LTD

Maven Securities LTD trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 29.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 23,217 shares of the company’s stock after selling 9,725 shares during the period. Maven Securities LTD’s holdings in Liberty Broadband were worth $1,794,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Whitebox Advisors LLC lifted its position in Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after buying an additional 677,785 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Liberty Broadband by 107.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after acquiring an additional 1,502,249 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after purchasing an additional 330,159 shares during the period. Highbridge Capital Management LLC increased its holdings in Liberty Broadband by 22.6% in the 2nd quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company’s stock valued at $61,834,000 after purchasing an additional 208,153 shares in the last quarter. Finally, Millennium Management LLC raised its position in Liberty Broadband by 67.4% in the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock valued at $56,584,000 after purchasing an additional 415,619 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Stock Up 1.4 %

Shares of Liberty Broadband stock opened at $85.81 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The business has a 50-day moving average of $84.17 and a 200-day moving average of $67.12. The company has a market capitalization of $12.26 billion, a PE ratio of 15.80 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share 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 business had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the business earned $1.10 EPS. As a group, equities analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the company’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 transaction of $338,624.88. Following the sale, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock worth $509,688 in the last ninety days. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LBRDK shares. Rosenblatt Securities increased their target price on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com started coverage on shares of Liberty Broadband in a research report on Friday, November 29th. They issued a “sell” rating for the company.

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.