Quantinno Capital Management LP Makes New $260,000 Investment in Liberty Broadband Co. (NASDAQ:LBRDA)

Quantinno Capital Management LP acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDA) in the 3rd quarter, Holdings Channel reports. The fund acquired 3,378 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds have also made changes to their positions in the stock. Long Focus Capital Management LLC raised its position in Liberty Broadband by 61.9% in the second quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock worth $20,207,000 after acquiring an additional 141,500 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liberty Broadband by 38.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock worth $20,544,000 after purchasing an additional 104,268 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of Liberty Broadband by 29.8% in the 2nd quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock worth $21,235,000 after purchasing an additional 89,317 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Liberty Broadband during the third quarter valued at approximately $6,402,000. Finally, Cowen AND Company LLC acquired a new position in Liberty Broadband in the second quarter worth approximately $4,445,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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 transaction of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. The trade was a 16.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction 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 represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,673 shares of company stock worth $509,688. 14.19% of the stock is currently owned by company insiders.

Liberty Broadband Stock Down 0.4 %

Shares of NASDAQ:LBRDA opened at $81.34 on Tuesday. Liberty Broadband Co. has a 52 week low of $47.17 and a 52 week high of $100.44. 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 company has a market cap of $11.62 billion, a PE ratio of 14.98 and a beta of 1.05. The firm has a 50 day simple moving average of $84.57 and a 200 day simple moving average of $68.46.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.66). The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period last year, the business earned $1.10 EPS.

Liberty Broadband 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. 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.