Charles Schwab Investment Management Inc. Buys 366,614 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Charles Schwab Investment Management Inc. lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 63.9% during the third quarter, HoldingsChannel reports. The firm owned 940,168 shares of the company’s stock after acquiring an additional 366,614 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Liberty Broadband were worth $72,666,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LBRDK. Capital Advisors Ltd. LLC increased its holdings in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Wahed Invest LLC grew its position in shares of Liberty Broadband by 14.2% in the 1st quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock valued at $130,000 after acquiring an additional 281 shares during the period. GAMMA Investing LLC increased its stake in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Liberty Broadband by 1.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after purchasing an additional 302 shares during the last quarter. Finally, KBC Group NV grew its holdings in Liberty Broadband by 6.9% during the third quarter. KBC Group NV now owns 5,893 shares of the company’s stock worth $455,000 after purchasing an additional 382 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Down 1.1 %

Liberty Broadband stock opened at $84.38 on Friday. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The stock has a market cap of $12.05 billion, a P/E ratio of 15.54 and a beta of 1.02. The company’s 50-day moving average price is $83.02 and its two-hundred day moving average price is $66.27. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LBRDK shares. StockNews.com assumed coverage on Liberty Broadband in a research note on Friday. They issued a “sell” rating on the stock. Rosenblatt Securities increased their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th.

Insider Activity at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of the 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 sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the business’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 completion of the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,673 shares of company stock worth $509,688. Corporate insiders own 10.80% of the company’s stock.

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.