Holistic Financial Partners Invests $245,000 in Liberty Broadband Co. (NASDAQ:LBRDK)

Holistic Financial Partners acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,174 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds have also added to or reduced their stakes in LBRDK. LMR Partners LLP lifted its stake in shares of Liberty Broadband by 949.6% in the 3rd quarter. LMR Partners LLP now owns 125,452 shares of the company’s stock valued at $9,696,000 after acquiring an additional 113,500 shares during the last quarter. Seizert Capital Partners LLC raised its position in Liberty Broadband by 20.4% in the third quarter. Seizert Capital Partners LLC now owns 143,768 shares of the company’s stock valued at $11,112,000 after purchasing an additional 24,315 shares during the last quarter. Schneider Downs Wealth Management Advisors LP bought a new position in Liberty Broadband in the third quarter valued at about $209,000. CIBC Asset Management Inc acquired a new stake in shares of Liberty Broadband during the third quarter valued at about $275,000. Finally, KBC Group NV increased its stake in shares of Liberty Broadband by 6.9% in the third quarter. KBC Group NV now owns 5,893 shares of the company’s stock valued at $455,000 after buying an additional 382 shares during the period. 80.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LBRDK shares. StockNews.com started coverage on Liberty Broadband in a research note on Wednesday, November 13th. They issued a “sell” rating for the company. Rosenblatt Securities upped their price target 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.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were 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. This represents a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business’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 16.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Down 1.6 %

LBRDK stock opened at $88.32 on Monday. 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 $46.46 and a fifty-two week high of $101.50. The stock’s 50 day simple moving average is $78.50 and its 200 day simple moving average is $64.32. The company has a market cap of $12.62 billion, a P/E ratio of 16.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted 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). 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 the consensus estimate of $237.41 million. During the same quarter in the previous year, the company earned $1.10 EPS. On average, research analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

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.