Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Up 8.8% in October

Liberty Broadband Co. (NASDAQ:LBRDK) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 4,350,000 shares, a growth of 8.8% from the September 30th total of 4,000,000 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is presently 4.3 days.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband 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 transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Forum Financial Management LP bought a new position in Liberty Broadband during the third quarter valued at about $215,000. Palliser Capital UK Ltd increased its holdings in shares of Liberty Broadband by 69.1% during the 3rd quarter. Palliser Capital UK Ltd now owns 480,192 shares of the company’s stock valued at $37,114,000 after acquiring an additional 196,268 shares during the last quarter. Hi Line Capital Management LLC increased its holdings in shares of Liberty Broadband by 498.4% during the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after acquiring an additional 117,483 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Liberty Broadband in the 3rd quarter worth approximately $1,260,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $81.62 on Thursday. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 13.86 and a beta of 1.03. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $87.54. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $71.01 and a 200 day simple moving average of $60.54.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The firm had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period last year, the business earned $1.71 earnings per share. As a group, sell-side analysts predict that Liberty Broadband will post 8.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Rosenblatt Securities upped 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. Morgan Stanley upped their target price on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th.

About Liberty Broadband

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.