XTX Topco Ltd Lowers Position in Liberty Broadband Co. (NASDAQ:LBRDA)

XTX Topco Ltd trimmed its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 49.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,229 shares of the company’s stock after selling 3,205 shares during the period. XTX Topco Ltd’s holdings in Liberty Broadband were worth $248,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LBRDA. Stifel Financial Corp bought a new position in shares of Liberty Broadband during the third quarter valued at approximately $1,235,000. Quantinno Capital Management LP purchased a new stake in shares of Liberty Broadband in the 3rd quarter worth approximately $260,000. Ionic Capital Management LLC bought a new position in Liberty Broadband during the 3rd quarter valued at approximately $1,322,000. Centiva Capital LP purchased a new position in Liberty Broadband during the third quarter valued at $2,261,000. Finally, Paloma Partners Management Co bought a new stake in Liberty Broadband in the third quarter worth $54,000. Institutional investors own 10.29% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Liberty Broadband

In other news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on 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 owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 11,054 shares of the company’s stock, 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 have sold a total of 78,173 shares of company stock worth $6,372,688 over the last quarter. Company insiders own 14.19% of the company’s stock.

Liberty Broadband Stock Down 3.1 %

LBRDA stock opened at $77.12 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44. The stock has a market capitalization of $11.02 billion, a P/E ratio of 14.20 and a beta of 1.05. The business has a fifty day moving average price of $84.56 and a 200-day moving average price of $68.70.

Liberty Broadband (NASDAQ:LBRDA) last issued its 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). The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations 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 firm posted $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.