Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd cut its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 82.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,268 shares of the company’s stock after selling 30,151 shares during the quarter. Point72 DIFC Ltd’s holdings in Liberty Broadband were worth $344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LBRDK. Vanguard Group Inc. raised its holdings in Liberty Broadband by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 11,213,505 shares of the company’s stock worth $903,696,000 after buying an additional 243,156 shares during the period. Whitebox Advisors LLC boosted its holdings in shares of Liberty Broadband by 17.9% during the first quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company’s stock worth $131,647,000 after purchasing an additional 349,400 shares during the period. Dimensional Fund Advisors LP grew its position in Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Liberty Broadband by 426.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock valued at $76,587,000 after buying an additional 1,131,743 shares during the period. Finally, Highbridge Capital Management LLC lifted its position in Liberty Broadband by 22.6% in the 2nd quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company’s stock worth $61,834,000 after buying an additional 208,153 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on LBRDK. Rosenblatt Securities boosted their price target 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. Morgan Stanley upped their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th.

Liberty Broadband Stock Performance

LBRDK stock opened at $75.46 on Friday. The firm has a 50 day moving average of $62.52 and a two-hundred day moving average of $56.31. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $95.53. The company 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 (NASDAQ:LBRDK) last issued its quarterly earnings data 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 the consensus estimate of $244.25 million. During the same quarter in the prior year, the company posted $1.71 earnings per share. As a group, equities analysts anticipate that Liberty Broadband Co. will post 9.05 EPS for the current fiscal year.

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 shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 10.80% of the company’s stock.

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.