Liberty Broadband Co. (NASDAQ:LBRDK) Stake Lessened by Cheviot Value Management LLC

Cheviot Value Management LLC trimmed its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 8.5% during the third quarter, HoldingsChannel reports. The fund owned 141,548 shares of the company’s stock after selling 13,169 shares during the quarter. Liberty Broadband comprises approximately 2.1% of Cheviot Value Management LLC’s holdings, making the stock its 17th largest position. Cheviot Value Management LLC’s holdings in Liberty Broadband were worth $10,940,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LBRDK. Versant Capital Management Inc grew its position 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 worth $25,000 after acquiring an additional 440 shares in the last quarter. 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 worth $33,000 after purchasing an additional 283 shares during the period. Capital Advisors Ltd. LLC increased its stake in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Mather Group LLC. increased its stake in Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after purchasing an additional 388 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Liberty Broadband during the third quarter worth $82,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $85.14 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. 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 of $83.52 and a 200-day moving average of $66.68. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 15.68 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter last year, the company posted $1.10 EPS. As a group, equities analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LBRDK shares. Rosenblatt Securities boosted their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. StockNews.com began coverage on Liberty Broadband in a report on Friday. They set a “sell” rating for the company.

Insider Activity at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the company’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 value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,673 shares of company stock worth $509,688 in the last three months. 10.80% of the stock is owned by company insiders.

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.