Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,151 shares of the company’s stock after selling 609 shares during the quarter. Principal Financial Group Inc.’s holdings in Liberty Broadband were worth $630,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of Liberty Broadband by 4,888.9% in the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after purchasing an additional 440 shares during the last quarter. GAMMA Investing LLC grew its stake in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in Liberty Broadband during the second quarter valued at approximately $36,000. Finally, Mather Group LLC. lifted its holdings in Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after buying an additional 388 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Rosenblatt Securities increased their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Thursday. They set a “sell” rating on the stock.

Insider Transactions at Liberty Broadband

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 of the company’s stock, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock valued at $509,688 over the last three months. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $86.92 on Friday. The firm has a market capitalization of $12.42 billion, a PE ratio of 16.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company’s 50 day simple moving average is $81.17 and its 200 day simple moving average is $65.46.

Liberty Broadband (NASDAQ:LBRDK) last released its 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). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the firm earned $1.10 earnings per share. As a group, equities research analysts forecast 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.