Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Xponance Inc.

Xponance Inc. cut its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 46.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,340 shares of the company’s stock after selling 5,567 shares during the quarter. Xponance Inc.’s holdings in Liberty Broadband were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Liberty Broadband by 426.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock worth $76,587,000 after purchasing an additional 1,131,743 shares in the last quarter. Mango Investments LLC acquired a new position in Liberty Broadband during the 4th quarter worth $49,570,000. Whitebox Advisors LLC grew its stake in Liberty Broadband by 17.9% during the 1st quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company’s stock worth $131,647,000 after purchasing an additional 349,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 330,159 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in Liberty Broadband by 147.6% during the 2nd quarter. Natixis Advisors LLC now owns 425,921 shares of the company’s stock worth $23,349,000 after purchasing an additional 253,884 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Up 2.3 %

Shares of NASDAQ LBRDK opened at $79.08 on Wednesday. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 13.43 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. The business has a 50-day moving average of $64.17 and a two-hundred day moving average of $56.84. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $95.53.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The business had revenue of $246.00 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.71 earnings per share. On average, analysts forecast that Liberty Broadband Co. will post 9.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LBRDK has been the subject of several analyst reports. Rosenblatt Securities boosted their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley boosted their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th.

Insider Activity

In other news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the business’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 $280,975.20. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

About Liberty Broadband

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.