Franklin Resources Inc. Purchases New Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Franklin Resources Inc. acquired a new position in Liberty Broadband Co. (NASDAQ:LBRDK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,174 shares of the company’s stock, valued at approximately $175,000.

Several other large investors have also modified their holdings of the business. Groupama Asset Managment purchased a new stake in shares of Liberty Broadband during the 3rd quarter worth $25,000. Quarry LP purchased a new stake in shares of Liberty Broadband during the third quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $82,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Liberty Broadband in a research report on Tuesday. They issued a “sell” rating for the company.

Liberty Broadband Trading Up 1.6 %

Shares of LBRDK stock opened at $75.98 on Friday. The stock has a market cap of $10.85 billion, a P/E ratio of 13.99 and a beta of 1.02. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The business has a fifty day simple moving average of $84.36 and a 200-day simple moving average of $71.09.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter last year, the company posted $1.10 earnings per share. On average, analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Insider Activity at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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.