Everence Capital Management Inc. Purchases New Shares in Liberty Broadband Co. (NASDAQ:LBRDK)

Everence Capital Management Inc. acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,060 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in Liberty Broadband during the 2nd quarter valued at $602,000. American Century Companies Inc. grew its holdings in shares of Liberty Broadband by 2.9% during the second quarter. American Century Companies Inc. now owns 29,050 shares of the company’s stock valued at $1,593,000 after buying an additional 829 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Liberty Broadband by 50.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 39,569 shares of the company’s stock valued at $2,169,000 after buying an additional 13,320 shares during the period. Envestnet Asset Management Inc. lifted its stake in Liberty Broadband by 11.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 147,010 shares of the company’s stock worth $8,059,000 after acquiring an additional 15,584 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after acquiring an additional 330,159 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 196,542 shares of company stock valued at $15,834,108 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Wednesday. They issued a “sell” rating for the company.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $76.30 on Thursday. The business has a fifty day simple moving average of $83.96 and a 200 day simple moving average of $71.94. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 14.05 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last announced 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 quarter in the prior year, the firm earned $1.10 earnings per share. As a group, sell-side analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

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.