Sanctuary Advisors LLC Buys New Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Sanctuary Advisors LLC purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,910 shares of the company’s stock, valued at approximately $225,000.

A number of other large investors have also made changes to their positions in the business. Barclays PLC raised its position in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Whitebox Advisors LLC increased its stake in Liberty Broadband by 29.5% during the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after purchasing an additional 677,785 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband by 107.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after buying an additional 1,502,249 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after buying an additional 330,159 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after buying an additional 31,484 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK opened at $75.96 on Monday. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 13.99 and a beta of 1.02. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a 50 day simple moving average of $84.77 and a two-hundred day simple moving average of $70.69. 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 (NASDAQ:LBRDK) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The business had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the prior year, the firm earned $1.10 earnings per share. As a group, analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Insider Buying and Selling

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the company’s 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 in the company, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 196,542 shares of company stock valued at $15,834,108 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Broadband in a research report on Monday, December 23rd. They set a “sell” rating for the company.

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.