Tidal Investments LLC Invests $217,000 in Liberty Broadband Co. (NASDAQ:LBRDK)

Tidal Investments LLC bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) in the third quarter, Holdings Channel reports. The fund bought 2,803 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Liberty Broadband by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after purchasing an additional 125 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. GAMMA Investing LLC lifted its stake in Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares in the last quarter. Groupama Asset Managment acquired a new stake in Liberty Broadband during the 3rd quarter worth about $25,000. Finally, Quarry LP purchased a new position in Liberty Broadband during the 3rd quarter valued at about $28,000. 80.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Monday. They set a “sell” rating for the company.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $76.84 on Thursday. The business has a fifty day simple moving average of $84.98 and a 200 day simple moving average of $70.15. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 14.15 and a beta of 1.02.

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). The firm had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period last year, the business earned $1.10 earnings per share. As a group, sell-side analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Insider Buying and Selling 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 stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 196,542 shares of company stock worth $15,834,108 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Liberty Broadband Company 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.