Barclays PLC Acquires 3,469 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Barclays PLC boosted its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 244.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,887 shares of the company’s stock after acquiring an additional 3,469 shares during the period. Barclays PLC’s holdings in Liberty Broadband were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust bought a new stake in shares of Liberty Broadband during the third quarter worth approximately $32,000. GAMMA Investing LLC lifted its holdings in Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after purchasing an additional 390 shares during the last quarter. Paloma Partners Management Co bought a new stake in Liberty Broadband in the 3rd quarter valued at $54,000. Glenmede Trust Co. NA grew its holdings in Liberty Broadband by 116.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock valued at $76,000 after buying an additional 533 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Liberty Broadband during the 3rd quarter worth $79,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LBRDA shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $91.00 to $92.00 in a report on Thursday, November 14th.

Liberty Broadband Stock Up 2.2 %

Shares of LBRDA opened at $77.14 on Friday. The firm has a 50 day simple moving average of $83.72 and a two-hundred day simple moving average of $70.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a one year low of $47.17 and a one year high of $100.44. The company has a market cap of $11.02 billion, a P/E ratio of 14.21 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.66). The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the previous year, the business posted $1.10 EPS.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 196,542 shares of company stock valued at $15,834,108. 14.19% of the stock is owned by 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. 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.