Liberty Broadband Co. (NASDAQ:LBRDK) Shares Bought by Whittier Trust Co.

Whittier Trust Co. grew its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 36.5% in the third quarter, Holdings Channel reports. The institutional investor owned 8,600 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. Whittier Trust Co.’s holdings in Liberty Broadband were worth $665,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. FORA Capital LLC purchased a new position in Liberty Broadband in the 1st quarter valued at about $1,855,000. Qsemble Capital Management LP purchased a new position in shares of Liberty Broadband in the first quarter valued at approximately $1,308,000. SG Americas Securities LLC boosted its stake in shares of Liberty Broadband by 1,551.1% in the first quarter. SG Americas Securities LLC now owns 66,970 shares of the company’s stock worth $3,833,000 after acquiring an additional 62,914 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Liberty Broadband in the first quarter worth approximately $2,634,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Liberty Broadband by 19.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 146,721 shares of the company’s stock worth $8,397,000 after purchasing an additional 23,489 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LBRDK. Rosenblatt Securities lifted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley raised their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th.

Liberty Broadband Price Performance

LBRDK stock opened at $81.32 on Thursday. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $90.38. The firm has a market capitalization of $11.62 billion, a PE ratio of 13.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day simple moving average of $69.12 and a 200-day simple moving average of $59.47.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The company had revenue of $246.00 million during the quarter, compared to analyst estimates of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period last year, the business earned $1.71 earnings per share. Equities research analysts anticipate that Liberty Broadband Co. will post 8.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

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.