Private Management Group Inc. decreased its position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,729 shares of the company's stock after selling 89,194 shares during the period. Private Management Group Inc. owned about 0.21% of Liberty Broadband worth $23,025,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in Liberty Broadband by 279.6% during the 1st quarter. BNP Paribas Financial Markets now owns 111,680 shares of the company's stock worth $6,379,000 after acquiring an additional 82,261 shares during the period. State Board of Administration of Florida Retirement System grew its position in Liberty Broadband by 16.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,537 shares of the company's stock worth $1,230,000 after acquiring an additional 3,033 shares in the last quarter. GAMMA Investing LLC increased its stake in Liberty Broadband by 161.8% in the third quarter. GAMMA Investing LLC now owns 631 shares of the company's stock valued at $48,000 after acquiring an additional 390 shares during the last quarter. Creative Planning lifted its stake in Liberty Broadband by 48.5% during the third quarter. Creative Planning now owns 15,884 shares of the company's stock worth $1,220,000 after purchasing an additional 5,186 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Liberty Broadband by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company's stock valued at $20,544,000 after purchasing an additional 104,268 shares during the last quarter. 10.29% of the stock is owned by institutional investors.
Separately, Deutsche Bank Aktiengesellschaft cut their target price on Liberty Broadband from $104.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 16th.
View Our Latest Stock Report on Liberty Broadband
In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The stock was 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 approximately $838,335.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now owns 11,054 shares of the company's stock, valued at $838,335.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.19% of the stock is owned by insiders.
LBRDA traded up $9.42 during trading on Friday, hitting $89.65. 283,336 shares of the stock traded hands, compared to its average volume of 146,354. The firm has a 50-day moving average of $71.23 and a 200 day moving average of $60.56. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $92.95. The firm has a market capitalization of $12.81 billion, a P/E ratio of 16.18 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($1.76). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The company had revenue of $246.00 million for the quarter. During the same quarter in the prior year, the company earned $1.71 EPS.
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.
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