HighTower Advisors LLC Has $600,000 Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

HighTower Advisors LLC reduced its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 15.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,747 shares of the company’s stock after selling 1,416 shares during the period. HighTower Advisors LLC’s holdings in Liberty Broadband were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LBRDK. GAM Holding AG lifted its holdings in shares of Liberty Broadband by 87.4% during the second quarter. GAM Holding AG now owns 15,000 shares of the company’s stock worth $822,000 after buying an additional 6,997 shares in the last quarter. Whittier Trust Co. raised its stake in Liberty Broadband by 71.0% in the 2nd quarter. Whittier Trust Co. now owns 6,300 shares of the company’s stock worth $345,000 after purchasing an additional 2,615 shares in the last quarter. Innealta Capital LLC acquired a new stake in Liberty Broadband in the 2nd quarter worth about $153,000. Commonwealth Equity Services LLC bought a new stake in Liberty Broadband in the 2nd quarter valued at about $602,000. Finally, Natixis Advisors LLC grew its position in shares of Liberty Broadband by 147.6% during the 2nd quarter. Natixis Advisors LLC now owns 425,921 shares of the company’s stock worth $23,349,000 after purchasing an additional 253,884 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Insider Activity at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on Thursday, September 26th. The shares were 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 in the company, valued at $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 203,173 shares of company stock valued at $16,340,188 over the last three months. 10.80% of the stock is owned by insiders.

Liberty Broadband Stock Down 0.5 %

Shares of NASDAQ LBRDK opened at $77.42 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The stock’s fifty day moving average is $85.16 and its 200 day moving average is $69.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $11.06 billion, a P/E ratio of 14.26 and a beta of 1.02.

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Sunday, December 15th. They issued a “sell” rating for the company.

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.