Liberty Broadband Co. (NASDAQ:LBRDA) Stock Position Increased by Creative Planning

Creative Planning lifted its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 48.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,884 shares of the company’s stock after buying an additional 5,186 shares during the period. Creative Planning’s holdings in Liberty Broadband were worth $1,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LBRDA. American National Bank & Trust acquired a new position in shares of Liberty Broadband in the 3rd quarter worth $32,000. GAMMA Investing LLC grew its holdings in shares of Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Liberty Broadband in the 1st quarter worth $49,000. Central Pacific Bank Trust Division acquired a new position in shares of Liberty Broadband in the 1st quarter worth $72,000. Finally, CWM LLC grew its holdings in shares of Liberty Broadband by 112.6% in the 2nd quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after acquiring an additional 716 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Trading Up 1.8 %

LBRDA stock opened at $81.11 on Thursday. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $87.49. The firm has a market cap of $11.59 billion, a P/E ratio of 13.77 and a beta of 1.06. The business’s 50 day moving average is $70.23 and its 200-day moving average is $60.13. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The business had revenue of $246.00 million for the quarter. During the same quarter in the previous year, the business posted $1.71 EPS.

Insiders Place Their Bets

In other news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction on Thursday, September 26th. The stock was 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the company’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 completion of the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LBRDA. Citigroup cut Liberty Broadband from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $67.00 to $57.00 in a research report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th.

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.