Captrust Financial Advisors Boosts Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Captrust Financial Advisors grew its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 15.3% in the 3rd quarter, Holdings Channel reports. The fund owned 4,417 shares of the company’s stock after acquiring an additional 586 shares during the period. Captrust Financial Advisors’ holdings in Liberty Broadband were worth $341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Brooklyn Investment Group bought a new stake in Liberty Broadband in the third quarter valued at about $82,000. CWM LLC raised its stake in Liberty Broadband by 163.7% during the second quarter. CWM LLC now owns 2,255 shares of the company’s stock valued at $124,000 after buying an additional 1,400 shares in the last quarter. Finally, Schneider Downs Wealth Management Advisors LP bought a new position in Liberty Broadband during the 3rd quarter worth approximately $209,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Broadband in a report on Saturday, December 7th. They issued a “sell” rating for the company.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $82.38 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a 50-day simple moving average of $85.11 and a 200 day simple moving average of $68.65. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a market cap of $11.77 billion, a PE ratio of 15.17 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted 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). The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the company posted $1.10 earnings per share. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insiders Place Their Bets

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction 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 directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock valued at $509,688 over the last three months. Company insiders own 10.80% of the company’s stock.

Liberty Broadband 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.