Bank of Montreal Can Buys 7,619 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Bank of Montreal Can grew its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 1,265.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,221 shares of the company’s stock after purchasing an additional 7,619 shares during the period. Bank of Montreal Can’s holdings in Liberty Broadband were worth $450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mango Investments LLC purchased a new stake in Liberty Broadband in the fourth quarter worth $3,181,000. Vanguard Group Inc. grew its position in shares of Liberty Broadband by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,570,076 shares of the company’s stock worth $126,611,000 after buying an additional 5,709 shares during the period. Alaska Permanent Fund Corp increased its stake in shares of Liberty Broadband by 101.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 11,233 shares of the company’s stock worth $642,000 after acquiring an additional 5,648 shares in the last quarter. AMI Investment Management Inc. lifted its position in Liberty Broadband by 7.9% during the 1st quarter. AMI Investment Management Inc. now owns 36,410 shares of the company’s stock valued at $2,080,000 after acquiring an additional 2,672 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Liberty Broadband by 279.6% during the first quarter. BNP Paribas Financial Markets now owns 111,680 shares of the company’s stock worth $6,379,000 after acquiring an additional 82,261 shares in the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Up 2.2 %

LBRDA stock opened at $79.51 on Thursday. The stock has a market cap of $11.36 billion, a P/E ratio of 13.50 and a beta of 1.06. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $95.08. The business’s 50-day moving average price is $64.79 and its 200-day moving average price is $57.21. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $3.12 by ($1.76). 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 during the quarter. During the same quarter last year, the firm earned $1.71 EPS.

Wall Street Analyst Weigh In

LBRDA has been the subject of several recent analyst reports. Citigroup cut Liberty Broadband from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $67.00 to $57.00 in a research note on Wednesday, July 3rd. Evercore ISI decreased their target price on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 16th.

Insider Buying and Selling at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.19% of the stock is currently owned by insiders.

Liberty Broadband Company 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.