Whittier Trust Co. Grows Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Whittier Trust Co. lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 36.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,600 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. Whittier Trust Co.’s holdings in Liberty Broadband were worth $665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LBRDK. Whitebox Advisors LLC lifted its stake in Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after acquiring an additional 677,785 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Liberty Broadband by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Liberty Broadband by 426.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock worth $76,587,000 after purchasing an additional 1,131,743 shares during the period. Highbridge Capital Management LLC boosted its stake in shares of Liberty Broadband by 22.6% during the second quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company’s stock valued at $61,834,000 after purchasing an additional 208,153 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Liberty Broadband by 67.4% during the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock valued at $56,584,000 after purchasing an additional 415,619 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Trading Up 0.0 %

NASDAQ LBRDK opened at $81.32 on Thursday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $90.38. The company has a 50 day moving average price of $69.12 and a 200 day moving average price of $59.47. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The firm has a market cap of $11.62 billion, a PE ratio of 13.81 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The business had revenue of $246.00 million for the quarter, compared to analyst estimates of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period in the previous year, the company posted $1.71 earnings per share. As a group, sell-side analysts forecast that Liberty Broadband Co. will post 8.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley upped their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities upped their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Brian J. Wendling sold 2,208 shares of the firm’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 completion of the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction dated Wednesday, September 25th. The stock was 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 of the company’s stock, valued at $280,975.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

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.