Liberty Broadband Co. (NASDAQ:LBRDK) Stock Holdings Lifted by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 39.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,369 shares of the company’s stock after acquiring an additional 53,869 shares during the quarter. Point72 Asset Management L.P. owned 0.13% of Liberty Broadband worth $10,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc grew its position in Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after purchasing an additional 440 shares in the last quarter. Beach Investment Counsel Inc. PA purchased a new position in shares of Liberty Broadband during the second quarter valued at $36,000. Mather Group LLC. raised its position in Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after buying an additional 388 shares during the period. UniSuper Management Pty Ltd lifted its stake in Liberty Broadband by 88.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after acquiring an additional 800 shares in the last quarter. Finally, CWM LLC boosted its position in Liberty Broadband by 163.7% during the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after acquiring an additional 1,400 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred 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 owns 11,054 shares in the company, valued at $838,335.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Liberty Broadband 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 value of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $77.29 on Tuesday. The firm has a market cap of $11.04 billion, a P/E ratio of 13.12 and a beta of 1.02. 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 Co. has a fifty-two week low of $46.46 and a fifty-two week high of $95.53. The stock’s 50-day moving average is $63.74 and its two-hundred day moving average is $56.69.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.15). The business had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period in the prior year, the firm earned $1.71 earnings per share. Analysts predict that Liberty Broadband Co. will post 9.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

LBRDK has been the topic of a number of research reports. Morgan Stanley upped their target price on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities upped their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th.

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.