International Assets Investment Management LLC Grows Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

International Assets Investment Management LLC raised its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 9,029.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,598 shares of the company’s stock after acquiring an additional 12,460 shares during the quarter. International Assets Investment Management LLC’s holdings in Liberty Broadband were worth $974,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Whitebox Advisors LLC grew its holdings in Liberty Broadband by 29.5% during the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after acquiring an additional 677,785 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Broadband by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after acquiring an additional 330,159 shares during the period. Assenagon Asset Management S.A. boosted its position 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 acquiring an additional 1,131,743 shares during the period. Highbridge Capital Management LLC raised its holdings in Liberty Broadband by 22.6% during the second quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company’s stock worth $61,834,000 after purchasing an additional 208,153 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Liberty Broadband by 67.4% in the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after purchasing an additional 415,619 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction dated Wednesday, September 25th. The stock was 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 directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business’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 transaction, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Rosenblatt Securities lifted their price objective 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 upped their target price 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.

Liberty Broadband Price Performance

LBRDK opened at $91.70 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $93.66. The firm has a market capitalization of $13.10 billion, a PE ratio of 16.55 and a beta of 1.02. The company has a fifty day moving average price of $72.55 and a two-hundred day moving average price of $61.45.

Liberty Broadband (NASDAQ:LBRDK) last announced 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). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The business had revenue of $246.00 million for the quarter, compared to analyst estimates of $244.25 million. During the same quarter in the previous year, the company posted $1.71 EPS. As a group, analysts anticipate that Liberty Broadband Co. will post 8.45 earnings per share for the current year.

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.