Stifel Financial Corp Makes New $1.24 Million Investment in Liberty Broadband Co. (NASDAQ:LBRDA)

Stifel Financial Corp purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) during the 3rd quarter, HoldingsChannel reports. The firm purchased 16,077 shares of the company’s stock, valued at approximately $1,235,000.

A number of other hedge funds have also modified their holdings of the company. Baupost Group LLC MA acquired a new stake in shares of Liberty Broadband in the third quarter worth $581,000. Verition Fund Management LLC purchased a new stake in Liberty Broadband in the third quarter valued at $6,402,000. Creative Planning grew its position in Liberty Broadband by 48.5% during the 3rd quarter. Creative Planning now owns 15,884 shares of the company’s stock worth $1,220,000 after purchasing an additional 5,186 shares during the period. Seizert Capital Partners LLC raised its stake in shares of Liberty Broadband by 3.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 394,418 shares of the company’s stock valued at $30,299,000 after buying an additional 12,515 shares during the last quarter. Finally, Private Management Group Inc. lifted its holdings in shares of Liberty Broadband by 29.8% in the 2nd quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock valued at $21,235,000 after buying an additional 89,317 shares during the period. 10.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 203,173 shares of company stock valued at $16,340,188. 14.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Rosenblatt Securities lowered Liberty Broadband from a “buy” rating to a “neutral” rating and raised their target price for the stock from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th.

Liberty Broadband Price Performance

NASDAQ:LBRDA opened at $76.70 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52 week low of $47.17 and a 52 week high of $100.44. The stock’s 50-day moving average price is $84.48 and its 200-day moving average price is $69.02. The stock has a market capitalization of $10.96 billion, a PE ratio of 14.13 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.66). The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the previous year, the business posted $1.10 earnings per share.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.