5,000 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Acquired by III Capital Management

III Capital Management purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $386,000.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Liberty Broadband by 0.5% in the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after acquiring an additional 125 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after buying an additional 302 shares in the last quarter. 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 worth $455,000 after buying an additional 382 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

LBRDK has been the topic of several research reports. 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. StockNews.com initiated coverage on Liberty Broadband in a research report on Friday. They set a “sell” rating on the stock.

Insider Buying and Selling

In other news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction 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 directly owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction 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 completion of the transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,673 shares of company stock valued at $509,688. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

LBRDK stock traded up $0.40 during trading on Tuesday, hitting $85.01. The company had a trading volume of 25,413 shares, compared to its average volume of 1,194,042. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 15.58 and a beta of 1.02. 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 business has a 50 day moving average of $83.99 and a 200 day moving average of $66.89. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share 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 last year, the company earned $1.10 earnings per share. As a group, research analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current 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.