Liberty Broadband Co. (NASDAQ:LBRDA) Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 24.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,692 shares of the company’s stock after selling 1,197 shares during the period. Inspire Investing LLC’s holdings in Liberty Broadband were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LBRDA. American National Bank & Trust purchased a new position in Liberty Broadband during the third quarter worth approximately $32,000. GAMMA Investing LLC increased its position in shares of Liberty Broadband by 161.8% in the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Liberty Broadband in the 1st quarter valued at $49,000. Central Pacific Bank Trust Division acquired a new position in shares of Liberty Broadband during the 1st quarter valued at $72,000. Finally, CWM LLC boosted its position in Liberty Broadband by 112.6% during the 2nd quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after purchasing an additional 716 shares during the period. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Renee L. Wilm sold 4,423 shares of the company’s 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the firm’s 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 owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.19% of the company’s stock.

Liberty Broadband Stock Down 0.5 %

Shares of Liberty Broadband stock opened at $79.23 on Friday. 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 1-year low of $47.17 and a 1-year high of $94.44. The business has a 50-day moving average of $67.22 and a 200-day moving average of $58.51. The company has a market capitalization of $11.32 billion, a PE ratio of 13.45 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data 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). The business had revenue of $246.00 million for the quarter. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter in the previous year, the company earned $1.71 EPS.

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.