Liberty Broadband Co. (NASDAQ:LBRDK) is Thompson Siegel & Walmsley LLC’s 10th Largest Position

Thompson Siegel & Walmsley LLC reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 27.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,347,706 shares of the company’s stock after selling 514,926 shares during the period. Liberty Broadband accounts for 1.6% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 10th biggest position. Thompson Siegel & Walmsley LLC’s holdings in Liberty Broadband were worth $104,164,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc boosted its holdings in 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 purchasing an additional 440 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Capital Advisors Ltd. LLC grew its holdings in Liberty Broadband by 75.8% during the third 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. Beach Investment Counsel Inc. PA purchased a new position in Liberty Broadband in the second quarter worth $36,000. Finally, Mather Group LLC. raised its position in Liberty Broadband by 103.7% in the second 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. Institutional investors and hedge funds own 80.22% of the company’s stock.

Insiders Place Their Bets

In other news, insider Renee L. Wilm sold 4,423 shares of the firm’s 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 owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $167,454.72. Following the completion of the sale, 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. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband Trading Up 1.1 %

NASDAQ:LBRDK opened at $87.56 on Thursday. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-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. The stock has a fifty day simple moving average of $80.15 and a 200-day simple moving average of $64.98. The company has a market capitalization of $12.51 billion, a PE ratio of 16.13 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its 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 business had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, equities research analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LBRDK shares. StockNews.com began coverage on shares of Liberty Broadband in a research note on Thursday. They set a “sell” rating on the stock. 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 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.