Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Palliser Capital UK Ltd

Palliser Capital UK Ltd boosted its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 69.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 480,192 shares of the company’s stock after purchasing an additional 196,268 shares during the period. Liberty Broadband accounts for 25.1% of Palliser Capital UK Ltd’s holdings, making the stock its biggest holding. Palliser Capital UK Ltd’s holdings in Liberty Broadband were worth $37,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in LBRDK. Hi Line Capital Management LLC grew its position in shares of Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after acquiring an additional 117,483 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Liberty Broadband during the 3rd quarter valued at about $1,260,000. Mraz Amerine & Associates Inc. bought a new position in Liberty Broadband in the 3rd quarter worth about $245,000. Finally, Assenagon Asset Management S.A. increased its stake 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 valued at $224,088,000 after purchasing an additional 1,502,249 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Liberty Broadband

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 transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Brian J. Wendling sold 2,208 shares of the company’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 sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the 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 completion of the transaction, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $89.90 on Friday. The stock’s 50 day moving average price is $71.97 and its 200 day moving average price is $60.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 16.23 and a beta of 1.03. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $93.66.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. During the same period in the prior year, the firm posted $1.71 EPS. Equities research analysts anticipate that Liberty Broadband Co. will post 8.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.