Tidal Investments LLC Acquires Shares of 2,803 Liberty Broadband Co. (NASDAQ:LBRDK)

Tidal Investments LLC bought a new position in Liberty Broadband Co. (NASDAQ:LBRDK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,803 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also modified their holdings of the company. Barclays PLC increased its stake in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the period. Whitebox Advisors LLC increased its position in shares of Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after acquiring an additional 677,785 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 107.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after acquiring an additional 1,502,249 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Liberty Broadband by 19.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after purchasing an additional 31,484 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Broadband in a research report on Monday. They issued a “sell” rating on the stock.

Liberty Broadband Trading Up 0.6 %

Shares of NASDAQ LBRDK opened at $76.84 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $84.98 and its two-hundred day moving average price is $70.15. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The stock has a market capitalization of $10.98 billion, a P/E ratio of 14.15 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted 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). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the prior year, the company posted $1.10 earnings per share. On average, analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. This trade represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 196,542 shares of company stock valued at $15,834,108. 10.80% of the stock is currently owned by insiders.

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.