3,060 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,060 shares of the company’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commonwealth Equity Services LLC purchased a new stake in Liberty Broadband during the 2nd quarter worth about $602,000. American Century Companies Inc. increased its stake in shares of Liberty Broadband by 2.9% during the second quarter. American Century Companies Inc. now owns 29,050 shares of the company’s stock worth $1,593,000 after buying an additional 829 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Liberty Broadband by 50.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 39,569 shares of the company’s stock valued at $2,169,000 after acquiring an additional 13,320 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Liberty Broadband by 11.9% in the second quarter. Envestnet Asset Management Inc. now owns 147,010 shares of the company’s stock worth $8,059,000 after acquiring an additional 15,584 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after acquiring an additional 330,159 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

LBRDK stock opened at $76.30 on Thursday. The stock’s 50 day moving average price is $83.96 and its 200 day moving average price is $71.94. The firm has a market cap of $10.90 billion, a P/E ratio of 14.05 and a beta of 1.04. 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 Co. has a 1 year low of $46.46 and a 1 year high of $101.50.

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 the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the firm posted $1.10 earnings per share. On average, sell-side analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Wednesday. They issued a “sell” rating on the stock.

Insider Activity at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 71,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the sale, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 196,542 shares of company stock worth $15,834,108. 10.80% of the stock is currently owned by corporate insiders.

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.