Cowen Investment Management LLC Has $219,000 Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Cowen Investment Management LLC decreased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 95.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,000 shares of the company’s stock after selling 79,687 shares during the period. Liberty Broadband comprises about 0.4% of Cowen Investment Management LLC’s investment portfolio, making the stock its 4th biggest holding. Cowen Investment Management LLC’s holdings in Liberty Broadband were worth $219,000 at the end of the most recent reporting period.

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

Liberty Broadband Stock Performance

Shares of LBRDK opened at $79.08 on Wednesday. The firm has a market capitalization of $11.30 billion, a PE ratio of 13.43 and a beta of 1.02. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $64.17 and a 200 day moving average price of $56.84. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.53.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The company had revenue of $246.00 million for the quarter, compared to analyst estimates of $244.25 million. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same quarter in the prior year, the business earned $1.71 EPS. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 9.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on LBRDK. Rosenblatt Securities upped their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Morgan Stanley raised their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. The disclosure for this sale can be found here. 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.