Bridgewater Associates LP Has $1.82 Million Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Bridgewater Associates LP reduced its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 78.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,489 shares of the company’s stock after selling 86,089 shares during the period. Bridgewater Associates LP’s holdings in Liberty Broadband were worth $1,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LBRDK. Comerica Bank increased its position in shares of Liberty Broadband by 33.4% in the first quarter. Comerica Bank now owns 26,011 shares of the company’s stock valued at $1,489,000 after acquiring an additional 6,511 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in 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 during the last quarter. Versant Capital Management Inc increased its position in Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after buying an additional 440 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares during the period. Finally, CWM LLC boosted its holdings in shares of Liberty Broadband by 163.7% during the second quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after acquiring an additional 1,400 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LBRDK has been the subject of a number of research analyst reports. StockNews.com began coverage on Liberty Broadband in a report on Friday. They set a “sell” rating for the company. Rosenblatt Securities raised 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.

Liberty Broadband Stock Up 0.9 %

Liberty Broadband stock opened at $85.14 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 52-week low of $46.46 and a 52-week high of $101.50. The firm has a 50 day moving average price of $83.52 and a two-hundred day moving average price of $66.68. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 15.68 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly 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). The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter in the previous year, the business posted $1.10 EPS. Equities analysts predict that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was 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 directly owns 11,054 shares in the company, 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 worth $509,688 in the last quarter. 10.80% of the stock is owned by corporate 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.