Fmr LLC Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Fmr LLC grew its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,761,528 shares of the company’s stock after buying an additional 26,241 shares during the quarter. Fmr LLC owned approximately 1.93% of Liberty Broadband worth $212,141,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LBRDA. American National Bank & Trust bought a new stake in Liberty Broadband during the third quarter worth about $32,000. GAMMA Investing LLC boosted its holdings in Liberty Broadband by 161.8% in the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares in the last quarter. CWM LLC increased its holdings in shares of Liberty Broadband by 112.6% during the second quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after acquiring an additional 716 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Liberty Broadband in the 3rd quarter worth about $79,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Liberty Broadband by 166,900.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,670 shares of the company’s stock worth $91,000 after purchasing an additional 1,669 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $338,624.88. Following the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,673 shares of company stock valued at $509,688 in the last quarter. 14.19% of the stock is currently owned by company insiders.

Liberty Broadband Trading Down 0.6 %

Shares of NASDAQ LBRDA opened at $84.20 on Tuesday. The business has a fifty day moving average price of $83.44 and a 200 day moving average price of $66.33. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $12.03 billion, a P/E ratio of 15.51 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $242.40 million. During the same quarter in the previous year, the firm posted $1.10 EPS.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Rosenblatt Securities cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 price target (up from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.