Isomer Partners LP Takes Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Isomer Partners LP purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 260,000 shares of the company’s stock, valued at approximately $20,095,000. Liberty Broadband makes up 21.6% of Isomer Partners LP’s holdings, making the stock its 2nd biggest holding. Isomer Partners LP owned about 0.18% of Liberty Broadband as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings 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 worth $224,088,000 after buying an additional 1,502,249 shares during the period. Whitebox Advisors LLC boosted its stake in shares of Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after purchasing an additional 677,785 shares in the last quarter. Millennium Management LLC increased its holdings 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 valued at $56,584,000 after acquiring an additional 415,619 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock valued at $72,666,000 after purchasing an additional 366,614 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Liberty Broadband by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after buying an additional 330,159 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $85.70 on Tuesday. The firm’s 50 day simple moving average is $81.65 and its 200-day simple moving average is $65.79. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 15.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

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

Insider Buying and Selling at Liberty Broadband

In other news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company’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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock valued at $509,688 over the last quarter. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.