Liberty Broadband Co. (NASDAQ:LBRDK) Stake Boosted by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB grew its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 28,620.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,436 shares of the company’s stock after acquiring an additional 1,431 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Liberty Broadband were worth $107,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Groupama Asset Managment bought a new position in shares of Liberty Broadband in the third quarter worth $25,000. Quarry LP acquired a new position in shares of Liberty Broadband during the third quarter valued at approximately $28,000. GAMMA Investing LLC lifted its position in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares during the period. Capital Advisors Ltd. LLC boosted its stake in Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Liberty Broadband during the 3rd quarter valued at $82,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK opened at $79.40 on Friday. The stock’s fifty day simple moving average is $80.32 and its 200 day simple moving average is $73.48. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 14.62 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) 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 $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same period in the prior year, the business posted $1.10 EPS. As a group, sell-side analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Friday. They set a “sell” rating for the company.

Insider Buying and Selling

In related news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 196,542 shares of company stock valued at $15,834,108. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Company 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.