Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,468 shares of the company’s stock after selling 2,000 shares during the period. Swiss National Bank’s holdings in Liberty Broadband were worth $17,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hi Line Capital Management LLC boosted its stake in shares of Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after buying an additional 117,483 shares during the period. Bank of Montreal Can raised its stake in Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock valued at $14,173,000 after acquiring an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Liberty Broadband during the 3rd quarter worth approximately $861,000. Commonwealth Equity Services LLC acquired a new position in shares of Liberty Broadband in the second quarter valued at approximately $602,000. Finally, Logan Stone Capital LLC raised its stake in shares of Liberty Broadband by 1,134.1% during the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company’s stock worth $6,932,000 after purchasing an additional 116,197 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 1.2 %

Shares of LBRDK stock opened at $86.49 on Friday. The business’s fifty day moving average price is $80.65 and its 200 day moving average price is $65.12. The firm has a market capitalization of $12.36 billion, a PE ratio of 15.93 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period last year, the company earned $1.10 earnings per share. As a group, sell-side analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LBRDK shares. 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 research report on Wednesday, August 14th. StockNews.com initiated coverage on shares of Liberty Broadband in a report on Thursday. They issued a “sell” rating on the stock.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband 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.