Baupost Group LLC MA Takes $13.19 Million Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Baupost Group LLC MA purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 170,610 shares of the company’s stock, valued at approximately $13,186,000. Liberty Broadband makes up 0.4% of Baupost Group LLC MA’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of LBRDK. Versant Capital Management Inc raised its holdings in shares of Liberty Broadband by 4,888.9% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after buying an additional 440 shares during the period. GAMMA Investing LLC increased its holdings in Liberty Broadband by 200.7% during 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 period. Capital Advisors Ltd. LLC increased its holdings in Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the period. Beach Investment Counsel Inc. PA purchased a new position in Liberty Broadband during the 2nd quarter worth $36,000. Finally, Mather Group LLC. increased its holdings in Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after purchasing an additional 388 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 0.4 %

Shares of NASDAQ LBRDK opened at $85.32 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $12.19 billion, a PE ratio of 15.71 and a beta of 1.02. The stock’s fifty day simple moving average is $82.12 and its two-hundred day simple moving average is $66.01. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (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 business posted $1.10 EPS. As a group, analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LBRDK has been the topic of several research reports. StockNews.com initiated coverage on Liberty Broadband in a report on Thursday, November 21st. They set a “sell” rating on the stock. Rosenblatt Securities raised their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Insider Buying and Selling at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 16.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by corporate insiders.

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.