Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 75.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,962 shares of the company’s stock after acquiring an additional 4,703 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Liberty Broadband were worth $594,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Liberty Broadband by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 11,213,505 shares of the company’s stock valued at $903,696,000 after purchasing an additional 243,156 shares in the last quarter. Whitebox Advisors LLC lifted its stake in Liberty Broadband by 17.9% in the 1st quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company’s stock valued at $131,647,000 after buying an additional 349,400 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $113,045,000 after buying an additional 330,159 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Liberty Broadband by 426.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock worth $76,587,000 after buying an additional 1,131,743 shares in the last quarter. Finally, Mango Investments LLC purchased a new position in Liberty Broadband during the fourth quarter worth $49,570,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LBRDK has been the topic of several recent research reports. Rosenblatt Securities upped their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Morgan Stanley raised their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.80% of the stock is owned by insiders.

Liberty Broadband Price Performance

LBRDK stock opened at $75.46 on Friday. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 12.81 and a beta of 1.02. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.53. The stock’s fifty day simple moving average is $62.52 and its 200-day simple moving average is $56.31.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The business had revenue of $246.00 million during the quarter, compared to analyst estimates of $244.25 million. During the same period in the previous year, the business posted $1.71 earnings per share. Equities research analysts expect that Liberty Broadband Co. will post 9.05 EPS for the current year.

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.