Integrated Investment Consultants LLC Takes Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Integrated Investment Consultants LLC acquired a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,364 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Long Focus Capital Management LLC increased its position in shares of Liberty Broadband by 61.9% in the 2nd quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock valued at $20,207,000 after acquiring an additional 141,500 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Liberty Broadband by 38.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock valued at $20,544,000 after acquiring an additional 104,268 shares during the period. Private Management Group Inc. increased its position 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 acquiring an additional 89,317 shares during the period. Cowen AND Company LLC acquired a new position in shares of Liberty Broadband in the 2nd quarter valued at $4,445,000. Finally, Rhumbline Advisers increased its position in shares of Liberty Broadband by 65.4% in the 2nd quarter. Rhumbline Advisers now owns 33,569 shares of the company’s stock valued at $1,833,000 after acquiring an additional 13,278 shares during the period. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LBRDA. Rosenblatt Securities downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and upped their target price for the company from $91.00 to $92.00 in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % 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 worth $509,688 in the last ninety days. Company insiders own 14.19% of the company’s stock.

Liberty Broadband Price Performance

Shares of LBRDA opened at $86.29 on Friday. The business’s 50-day moving average is $80.54 and its two-hundred day moving average is $64.84. The company has a market capitalization of $12.33 billion, a P/E ratio of 15.89 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a fifty-two week low of $47.17 and a fifty-two week high of $100.44.

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

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. 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.