Janney Montgomery Scott LLC Trims Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Janney Montgomery Scott LLC reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,965 shares of the company’s stock after selling 2,462 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Liberty Broadband were worth $1,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Whitebox Advisors LLC boosted its position in shares of Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after purchasing an additional 677,785 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 107.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after buying an additional 1,502,249 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 buying an additional 330,159 shares during the period. Highbridge Capital Management LLC increased its stake in Liberty Broadband by 22.6% in the 2nd quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company’s stock worth $61,834,000 after buying an additional 208,153 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Liberty Broadband by 67.4% during the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock valued at $56,584,000 after acquiring an additional 415,619 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LBRDK has been the subject of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities lifted their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Wednesday. They issued a “sell” rating on the stock.

Insiders Place Their Bets

In other news, CAO Brian J. Wendling sold 2,208 shares of the company’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction that occurred 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 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 sale 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 stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now directly 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. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $92.69 on Thursday. The firm has a fifty day moving average of $76.72 and a 200 day moving average of $63.48. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $13.24 billion, a PE ratio of 17.07 and a beta of 1.02. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The company had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the firm posted $1.10 earnings per share. As a group, research analysts predict that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

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.