Fmr LLC Has $43.59 Million Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Fmr LLC boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 104.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 563,964 shares of the company’s stock after purchasing an additional 288,078 shares during the period. Fmr LLC owned 0.39% of Liberty Broadband worth $43,589,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Whitebox Advisors LLC boosted its position in Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after purchasing an additional 677,785 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Liberty Broadband by 107.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after purchasing an additional 1,502,249 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Broadband by 19.1% during the second 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 last quarter. 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 valued at $61,834,000 after buying an additional 208,153 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Liberty Broadband by 67.4% in the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after buying an additional 415,619 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LBRDK. Rosenblatt Securities raised their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com began coverage on shares of Liberty Broadband in a report on Saturday. They set a “sell” rating for the company.

Insider Transactions at Liberty Broadband

In other Liberty Broadband 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 transaction 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Renee L. Wilm sold 4,423 shares of the 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 completion of the transaction, the insider now 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband Stock Performance

LBRDK opened at $86.50 on Friday. 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 stock’s 50 day moving average price is $84.80 and its two-hundred day moving average price is $67.72. The firm has a market capitalization of $12.36 billion, a P/E ratio of 15.93 and a beta of 1.02. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced 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). The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period last year, the firm posted $1.10 EPS. On average, equities analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

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.