Quantinno Capital Management LP Invests $260,000 in Liberty Broadband Co. (NASDAQ:LBRDA)

Quantinno Capital Management LP acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,378 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also modified their holdings of LBRDA. American National Bank & Trust acquired a new stake in Liberty Broadband in the 3rd quarter worth about $32,000. GAMMA Investing LLC lifted its holdings in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Liberty Broadband in the third quarter worth approximately $54,000. CWM LLC grew its holdings in Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after purchasing an additional 716 shares during the period. Finally, Glenmede Trust Co. NA increased its position in Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after purchasing an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Insiders Place Their Bets

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,673 shares of company stock valued at $509,688 over the last 90 days. 14.19% of the stock is owned by company insiders.

Liberty Broadband Trading Down 0.4 %

NASDAQ LBRDA opened at $81.34 on Tuesday. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 14.98 and a beta of 1.05. 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 12 month low of $47.17 and a 12 month high of $100.44. The company’s fifty day moving average price is $84.57 and its two-hundred day moving average price is $68.46.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.66). The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the previous year, the business posted $1.10 EPS.

Wall Street Analyst Weigh In

LBRDA has been the subject of several research analyst reports. Rosenblatt Securities lowered Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price target for the stock from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 price target (up previously from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.