Victory Capital Management Inc. Has $1.27 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Victory Capital Management Inc. lowered its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,392 shares of the company’s stock after selling 285 shares during the period. Victory Capital Management Inc.’s holdings in Liberty Broadband were worth $1,267,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Liberty Broadband by 45.6% in the third quarter. Venturi Wealth Management LLC now owns 4,242 shares of the company’s stock valued at $328,000 after acquiring an additional 1,328 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $254,000. Forum Financial Management LP bought a new position in shares of Liberty Broadband during the third quarter worth approximately $215,000. Palliser Capital UK Ltd raised its position in shares of Liberty Broadband by 69.1% in the third quarter. Palliser Capital UK Ltd now owns 480,192 shares of the company’s stock valued at $37,114,000 after buying an additional 196,268 shares in the last quarter. Finally, Hi Line Capital Management LLC boosted its stake in shares of Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after buying an additional 117,483 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com initiated coverage on Liberty Broadband in a report on Thursday, November 21st. They set a “sell” rating for the company. 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.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $85.32 on Wednesday. The firm has a market capitalization of $12.19 billion, a PE ratio of 15.71 and a beta of 1.02. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $82.12 and a two-hundred day moving average price of $66.01. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50.

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

Insider Buying and Selling

In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband 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 sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on 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 $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock worth $509,688 in the last quarter. 10.80% of the stock is owned by insiders.

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.