16,077 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Bought by Stifel Financial Corp

Stifel Financial Corp bought a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,077 shares of the company’s stock, valued at approximately $1,235,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP purchased a new position in Liberty Broadband during the 3rd quarter valued at approximately $260,000. Ionic Capital Management LLC purchased a new position in shares of Liberty Broadband in the third quarter valued at $1,322,000. Centiva Capital LP bought a new stake in Liberty Broadband in the third quarter worth $2,261,000. Paloma Partners Management Co purchased a new stake in Liberty Broadband during the third quarter valued at $54,000. Finally, Verition Fund Management LLC bought a new position in Liberty Broadband during the third quarter valued at $6,402,000. 10.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their target price for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the business’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 transaction of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,173 shares of company stock worth $16,340,188. 14.19% of the stock is currently owned by company insiders.

Liberty Broadband Stock Up 0.0 %

Shares of NASDAQ LBRDA opened at $76.70 on Monday. Liberty Broadband Co. has a 52-week low of $47.17 and a 52-week high of $100.44. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 14.13 and a beta of 1.05. The stock has a 50 day moving average price of $84.48 and a 200 day moving average price of $69.02. 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:LBRDA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.