Amalgamated Bank Lowers Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Amalgamated Bank trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,391 shares of the company’s stock after selling 590 shares during the quarter. Amalgamated Bank’s holdings in Liberty Broadband were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after purchasing an additional 440 shares during the last quarter. Beach Investment Counsel Inc. PA purchased a new position in shares of Liberty Broadband in the 2nd quarter worth approximately $36,000. Mather Group LLC. grew its holdings in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after acquiring an additional 388 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of Liberty Broadband by 88.9% during the first quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock valued at $97,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC increased its position in shares of Liberty Broadband by 163.7% during the second quarter. CWM LLC now owns 2,255 shares of the company’s stock valued at $124,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

LBRDK has been the subject of a number of recent analyst 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 note on Wednesday, August 14th. Morgan Stanley increased their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $78.14 on Monday. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $95.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68. The business has a fifty day simple moving average of $63.31 and a two-hundred day simple moving average of $56.55. The company has a market capitalization of $11.16 billion, a P/E ratio of 13.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.15). The business had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $244.25 million. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same period last year, the company earned $1.71 earnings per share. On average, analysts expect that Liberty Broadband Co. will post 9.05 earnings per share for the current year.

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 dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The stock was 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

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.