Liberty Broadband Co. (NASDAQ:LBRDA) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,826 shares of the company’s stock after acquiring an additional 1,616 shares during the period. Sei Investments Co.’s holdings in Liberty Broadband were worth $755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Liberty Broadband during the 1st quarter worth about $49,000. Central Pacific Bank Trust Division purchased a new position in shares of Liberty Broadband in the first quarter valued at approximately $72,000. CWM LLC boosted its stake in shares of Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after purchasing an additional 716 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Liberty Broadband by 166,900.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,670 shares of the company’s stock valued at $91,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Liberty Broadband by 184.3% during the 2nd quarter. Signaturefd LLC now owns 1,942 shares of the company’s stock worth $106,000 after buying an additional 1,259 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s 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 sale, 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 can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of the firm’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 completion of the transaction, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is currently owned by insiders.

Liberty Broadband Trading Up 1.2 %

Shares of Liberty Broadband stock opened at $77.80 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $11.11 billion, a P/E ratio of 13.21 and a beta of 1.06. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $95.08. The company’s fifty day moving average is $64.57 and its two-hundred day moving average is $57.06.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter. During the same quarter in the prior year, the firm posted $1.71 earnings per share.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Evercore ISI decreased their price target on shares of Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, Citigroup cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $67.00 to $57.00 in a report on Wednesday, July 3rd.

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.