The Manufacturers Life Insurance Company Has $2.10 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

The Manufacturers Life Insurance Company increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,186 shares of the company’s stock after acquiring an additional 125 shares during the period. The Manufacturers Life Insurance Company’s holdings in Liberty Broadband were worth $2,101,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LBRDK. Hi Line Capital Management LLC grew its stake in shares of Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after buying an additional 117,483 shares in the last quarter. Bank of Montreal Can lifted its stake in Liberty Broadband by 172.6% in the second 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 bought a new position in shares of Liberty Broadband in the 3rd quarter valued at about $861,000. Commonwealth Equity Services LLC acquired a new position in shares of Liberty Broadband during the 2nd quarter worth about $602,000. Finally, Logan Stone Capital LLC raised its holdings in shares of Liberty Broadband by 1,134.1% in the 2nd quarter. Logan Stone Capital LLC now owns 126,443 shares of the company’s stock valued at $6,932,000 after purchasing an additional 116,197 shares during the period. Institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on LBRDK shares. StockNews.com began coverage on Liberty Broadband in a report on Saturday. They set a “sell” rating for the company. Rosenblatt Securities boosted their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Insider Transactions at Liberty Broadband

In related 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 transaction of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Stock Up 0.0 %

Liberty Broadband stock opened at $86.50 on Monday. 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 $12.36 billion, a P/E ratio of 15.93 and a beta of 1.02. The company’s 50-day moving average price is $84.80 and its two-hundred day moving average price is $67.84. 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 announced its 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). The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter last year, the business posted $1.10 EPS. As a group, analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current year.

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.