Makaira Partners LLC Sells 5,979 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Makaira Partners LLC lowered its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 417,935 shares of the company’s stock after selling 5,979 shares during the period. Liberty Broadband makes up about 3.0% of Makaira Partners LLC’s holdings, making the stock its 10th biggest position. Makaira Partners LLC’s holdings in Liberty Broadband were worth $22,911,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of 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 valued at $76,587,000 after purchasing an additional 1,131,743 shares during the period. Whitebox Advisors LLC raised its stake in Liberty Broadband by 29.5% during the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after buying an additional 677,785 shares during the period. Mango Investments LLC acquired a new position in Liberty Broadband during the 4th quarter worth approximately $49,570,000. Millennium Management LLC boosted its holdings in Liberty Broadband by 67.4% in the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after acquiring an additional 415,619 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Liberty Broadband by 19.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after acquiring an additional 330,159 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 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 of the company’s stock, valued at $280,975.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were 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. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LBRDK has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities lifted their price objective 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.

Liberty Broadband Stock Up 3.6 %

LBRDK stock opened at $78.14 on Monday. The firm has a market capitalization of $11.16 billion, a PE ratio of 13.27 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 twelve month low of $46.46 and a twelve month high of $95.53. The stock’s 50 day moving average is $63.31 and its 200-day moving average is $56.55.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share 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 for the quarter, compared to the consensus estimate of $244.25 million. During the same quarter last year, the business posted $1.71 earnings per share. Sell-side analysts expect that Liberty Broadband Co. will post 9.05 EPS for the current fiscal 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.