Creative Planning Sells 220 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Creative Planning reduced its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,607 shares of the company’s stock after selling 220 shares during the period. Creative Planning’s holdings in Liberty Broadband were worth $356,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LBRDK. Versant Capital Management Inc raised its position in Liberty Broadband by 4,888.9% in 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. GAMMA Investing LLC raised its position in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the period. Beach Investment Counsel Inc. PA bought a new stake in Liberty Broadband in the second quarter worth about $36,000. Mather Group LLC. raised its position in Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares during the period. Finally, UniSuper Management Pty Ltd raised its position in Liberty Broadband by 88.9% in the first quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after acquiring an additional 800 shares during the period. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Price Performance

LBRDK stock opened at $96.98 on Friday. 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 one year low of $46.46 and a one year high of $101.50. The stock has a market cap of $13.85 billion, a PE ratio of 17.54 and a beta of 1.02. The firm has a 50 day simple moving average of $73.89 and a two-hundred day simple moving average of $62.04.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The business had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter in the previous year, the firm posted $1.71 earnings per share. On average, analysts predict that Liberty Broadband Co. will post 8.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities lifted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their target price 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 the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Renee L. Wilm sold 4,423 shares of the company’s 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 directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

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.