Atria Investments Inc Buys Shares of 3,282 Liberty Broadband Co. (NASDAQ:LBRDK)

Atria Investments Inc purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,282 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Forum Financial Management LP bought a new stake in shares of Liberty Broadband during the third quarter worth $215,000. Palliser Capital UK Ltd increased its holdings in Liberty Broadband by 69.1% in the 3rd quarter. Palliser Capital UK Ltd now owns 480,192 shares of the company’s stock worth $37,114,000 after purchasing an additional 196,268 shares in the last quarter. Hi Line Capital Management LLC boosted its stake in shares of Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after purchasing an additional 117,483 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Liberty Broadband in the third quarter valued at approximately $1,260,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Trading Up 0.5 %

NASDAQ:LBRDK opened at $86.92 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The firm’s fifty day moving average is $81.17 and its 200-day moving average is $65.46. The firm has a market cap of $12.42 billion, a P/E ratio of 16.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the previous year, the business posted $1.10 earnings per share. Equities analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Insider Buying and Selling at Liberty Broadband

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 transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 $838,335.36. This trade represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Rosenblatt Securities upped their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. StockNews.com started coverage on Liberty Broadband in a report on Thursday. They set a “sell” rating on the stock.

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.