American Century Companies Inc. Increases Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

American Century Companies Inc. lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 29,050 shares of the company’s stock after buying an additional 829 shares during the quarter. American Century Companies Inc.’s holdings in Liberty Broadband were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew 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 acquiring an additional 440 shares during the period. Beach Investment Counsel Inc. PA purchased a new position in shares of Liberty Broadband in the 2nd quarter valued at about $36,000. Mather Group LLC. lifted its stake 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 purchasing an additional 388 shares during the period. UniSuper Management Pty Ltd boosted its holdings in Liberty Broadband by 88.9% during the first quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after buying an additional 800 shares in the last quarter. Finally, CWM LLC grew its position in Liberty Broadband by 163.7% during the second quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after buying an additional 1,400 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LBRDK. Morgan Stanley boosted their price target on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. Rosenblatt Securities upped their target price on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th.

Insider Activity at Liberty Broadband

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

Liberty Broadband Trading Up 3.6 %

NASDAQ LBRDK opened at $78.14 on Monday. The company has a 50-day moving average of $63.31 and a 200-day moving average of $56.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $95.53. The company has a market cap of $11.16 billion, a P/E ratio of 13.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.15). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The company had revenue of $246.00 million during the quarter, compared to analyst estimates 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 predict that Liberty Broadband Co. will post 9.05 earnings per share 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.