Sendero Wealth Management LLC Buys 2,225 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Sendero Wealth Management LLC boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,892 shares of the company’s stock after acquiring an additional 2,225 shares during the quarter. Sendero Wealth Management LLC’s holdings in Liberty Broadband were worth $4,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LBRDK. Groupama Asset Managment bought a new position in Liberty Broadband during the 3rd quarter valued at about $25,000. Quarry LP bought a new stake in Liberty Broadband in the third quarter valued at approximately $28,000. GAMMA Investing LLC lifted its stake in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Liberty Broadband during the third quarter worth $82,000. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Stock Up 0.6 %

Shares of Liberty Broadband stock opened at $75.98 on Thursday. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50 day simple moving average is $82.84 and its 200 day simple moving average is $72.68. The firm has a market cap of $10.85 billion, a PE ratio of 13.99 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the business earned $1.10 earnings per share. On average, analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 196,542 shares of company stock valued at $15,834,108 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Thursday. They issued a “sell” rating on the 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.