Liberty Broadband Co. (NASDAQ:LBRDK) Stock Position Lifted by Barclays PLC

Barclays PLC raised its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,899,331 shares of the company’s stock after purchasing an additional 415,496 shares during the period. Barclays PLC owned 4.83% of Liberty Broadband worth $533,251,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after buying an additional 1,502,249 shares during the last quarter. Whitebox Advisors LLC lifted its stake in shares of Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after buying an additional 677,785 shares during the period. Millennium Management LLC lifted its position in shares of Liberty Broadband by 67.4% in the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after acquiring an additional 415,619 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Broadband by 63.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after purchasing an additional 366,614 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares during the period. Institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com began coverage on shares of Liberty Broadband in a research note on Saturday. They issued a “sell” rating on the stock. Rosenblatt Securities upped their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $86.50 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a 50 day simple moving average of $84.80 and a 200 day simple moving average of $67.84. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The firm has a market cap of $12.36 billion, a P/E ratio of 15.93 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. Sell-side analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated 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 in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,673 shares of company stock worth $509,688. Insiders own 10.80% of the company’s stock.

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.