Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC lowered its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,717 shares of the company’s stock after selling 606 shares during the period. Liberty Broadband comprises 1.7% of Cheviot Value Management LLC’s portfolio, making the stock its 21st largest holding. Cheviot Value Management LLC owned approximately 0.11% of Liberty Broadband worth $8,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in shares of Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after buying an additional 440 shares in the last quarter. Beach Investment Counsel Inc. PA purchased a new stake in shares of Liberty Broadband during the second quarter worth about $36,000. Mather Group LLC. grew its holdings in shares of Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after buying an additional 388 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Liberty Broadband by 88.9% during the first quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after buying an additional 800 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Liberty Broadband by 163.7% during the second quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LBRDK. Morgan Stanley lifted their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities boosted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $61.04 on Tuesday. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $95.53. The firm has a 50 day moving average price of $61.81 and a 200 day moving average price of $56.04. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 10.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The company had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $244.25 million. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same quarter in the previous year, the firm posted $1.71 earnings per share. Sell-side analysts predict that Liberty Broadband Co. will post 9.05 earnings per share for the current 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.