Renaissance Technologies LLC Sells 26,678 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Renaissance Technologies LLC decreased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 62.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,903 shares of the company’s stock after selling 26,678 shares during the quarter. Renaissance Technologies LLC’s holdings in Liberty Broadband were worth $872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC boosted its holdings in Liberty Broadband by 6.7% in the 1st quarter. Wealthspire Advisors LLC now owns 4,244 shares of the company’s stock valued at $243,000 after purchasing an additional 268 shares during the period. Wahed Invest LLC grew its position in Liberty Broadband by 14.2% during the first quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock worth $130,000 after buying an additional 281 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Liberty Broadband by 4.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,845 shares of the company’s stock worth $449,000 after acquiring an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Liberty Broadband by 1.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after acquiring an additional 302 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Liberty Broadband by 103.7% in the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after acquiring an additional 388 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LBRDK has been the topic of several research analyst reports. Rosenblatt Securities upped their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Morgan Stanley boosted their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th.

Liberty Broadband Trading Down 0.5 %

Shares of LBRDK opened at $77.55 on Tuesday. The stock has a market capitalization of $11.08 billion, a P/E ratio of 13.17 and a beta of 1.03. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $65.32 and a two-hundred day simple moving average of $57.27.

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

Insider Activity

In other news, insider Renee L. Wilm sold 4,423 shares of the business’s 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 sale, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 $280,975.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company 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.