LMR Partners LLP Raises Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

LMR Partners LLP raised its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 949.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 125,452 shares of the company’s stock after buying an additional 113,500 shares during the quarter. LMR Partners LLP’s holdings in Liberty Broadband were worth $9,696,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LBRDK. Capital Advisors Ltd. LLC increased its stake in shares of 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 purchasing an additional 191 shares in the last quarter. Wahed Invest LLC increased its stake in shares of Liberty Broadband by 14.2% during the 1st quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock worth $130,000 after purchasing an additional 281 shares in the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 283 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Liberty Broadband by 1.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after purchasing an additional 302 shares in the last quarter. Finally, KBC Group NV increased its stake 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 purchasing an additional 382 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. The trade was a 16.65 % decrease in their position. The transaction was disclosed in a filing 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 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 in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LBRDK. StockNews.com began coverage on shares of Liberty Broadband in a research note on Wednesday, November 13th. They set a “sell” rating for the company. Rosenblatt Securities raised their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Liberty Broadband Stock Down 1.6 %

Shares of LBRDK opened at $88.32 on Monday. The firm has a market cap of $12.62 billion, a PE ratio of 16.27 and a beta of 1.02. The company’s fifty day moving average is $78.50 and its two-hundred day moving average is $64.32. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. 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 (NASDAQ:LBRDK) last announced its quarterly earnings results 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). The company had revenue of $262.00 million during the quarter, compared to analyst estimates 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 business earned $1.10 EPS. Analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current 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.