Westfield Capital Management Co. LP trimmed its holdings in Liberty Broadband Corp (NASDAQ:LBRDA) by 0.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 309,705 shares of the company’s stock after selling 1,615 shares during the period. Westfield Capital Management Co. LP owned approximately 0.17% of Liberty Broadband worth $29,168,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. D.A. Davidson & CO. boosted its position in shares of Liberty Broadband by 0.8% during the second quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock worth $137,000 after buying an additional 13 shares during the period. Quantbot Technologies LP purchased a new position in shares of Liberty Broadband during the third quarter worth $140,000. Palladium Partners LLC purchased a new position in shares of Liberty Broadband during the third quarter worth $202,000. Trexquant Investment LP purchased a new position in shares of Liberty Broadband during the third quarter worth $208,000. Finally, Amalgamated Bank purchased a new position in shares of Liberty Broadband during the second quarter worth $213,000. Institutional investors own 12.34% of the company’s stock.
Liberty Broadband Corp (NASDAQ LBRDA) opened at $87.62 on Tuesday. The stock has a market capitalization of $15,969.63, a price-to-earnings ratio of 878.20 and a beta of 1.33. Liberty Broadband Corp has a fifty-two week low of $67.72 and a fifty-two week high of $104.35. The company has a quick ratio of 11.64, a current ratio of 11.64 and a debt-to-equity ratio of 0.06.
Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband had a net margin of 142.91% and a return on equity of 0.22%. research analysts anticipate that Liberty Broadband Corp will post 0.13 EPS for the current year.
In other Liberty Broadband news, Director John C. Malone sold 34,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $95.18, for a total value of $3,283,710.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Malone sold 45,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $94.21, for a total value of $4,239,450.00. Following the completion of the sale, the director now owns 3,452,779 shares in the company, valued at $325,286,309.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,600 shares of company stock worth $13,372,539. 6.09% of the stock is owned by insiders.
LBRDA has been the subject of several research analyst reports. Pivotal Research restated a “buy” rating and set a $108.00 price target (up from $107.00) on shares of Liberty Broadband in a research report on Tuesday, August 15th. TheStreet lowered Liberty Broadband from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target (up from $95.00) on shares of Liberty Broadband in a research report on Thursday, September 7th. Finally, raised their price target on Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $113.25.
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Liberty Broadband Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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