Liberty Broadband Co. (NASDAQ:LBRDA) is Long Path Partners LP’s 10th Largest Position

Long Path Partners LP lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,337 shares of the company’s stock after selling 636 shares during the period. Liberty Broadband comprises approximately 0.3% of Long Path Partners LP’s portfolio, making the stock its 10th biggest position. Long Path Partners LP’s holdings in Liberty Broadband were worth $948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Integrated Investment Consultants LLC acquired a new stake in Liberty Broadband during the 3rd quarter worth about $258,000. Scheer Rowlett & Associates Investment Management Ltd. acquired a new stake in shares of Liberty Broadband during the third quarter worth approximately $253,000. Seizert Capital Partners LLC grew its position in Liberty Broadband by 3.3% during the third quarter. Seizert Capital Partners LLC now owns 394,418 shares of the company’s stock valued at $30,299,000 after purchasing an additional 12,515 shares in the last quarter. US Bancorp DE increased its stake in Liberty Broadband by 19.4% in the 3rd quarter. US Bancorp DE now owns 4,314 shares of the company’s stock valued at $331,000 after buying an additional 700 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Liberty Broadband in the 3rd quarter worth approximately $79,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Up 0.5 %

Liberty Broadband stock opened at $86.29 on Friday. 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 Co. has a 1-year low of $47.17 and a 1-year high of $100.44. The firm’s fifty day simple moving average is $80.54 and its 200-day simple moving average is $64.93. The company has a market capitalization of $12.33 billion, a P/E ratio of 15.89 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $242.40 million. During the same quarter last year, the business earned $1.10 earnings per share.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LBRDA shares. Rosenblatt Securities downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price target for the stock from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the insider now owns 3,670 shares of the company’s stock, valued at $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 valued at $509,688. Corporate insiders own 14.19% of the company’s stock.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.