Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 172.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 258,212 shares of the company’s stock after acquiring an additional 163,502 shares during the quarter. Bank of Montreal Can’s holdings in Liberty Broadband were worth $14,173,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBRDK. Highbridge Capital Management LLC boosted its stake in Liberty Broadband by 22.6% in the 2nd quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company’s stock worth $61,834,000 after buying an additional 208,153 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Liberty Broadband by 75.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,962 shares of the company’s stock worth $594,000 after acquiring an additional 4,703 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Liberty Broadband by 19.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares during the period. Envestnet Asset Management Inc. increased its position in Liberty Broadband by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 147,010 shares of the company’s stock worth $8,059,000 after purchasing an additional 15,584 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Liberty Broadband by 50.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 39,569 shares of the company’s stock worth $2,169,000 after purchasing an additional 13,320 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Rosenblatt Securities boosted their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $78.14 on Friday. The firm has a fifty day moving average of $63.31 and a 200-day moving average of $56.57. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $11.16 billion, a P/E ratio of 13.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.15). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The company had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $244.25 million. During the same period last year, the business earned $1.71 earnings per share. As a group, analysts predict that Liberty Broadband Co. will post 9.05 EPS for the current year.

Insider Activity at Liberty Broadband

In other news, 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 $280,975.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on Thursday, September 26th. The stock was 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 approximately $838,335.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

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.