KBC Group NV Acquires 382 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

KBC Group NV raised its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,893 shares of the company’s stock after acquiring an additional 382 shares during the quarter. KBC Group NV’s holdings in Liberty Broadband were worth $455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LBRDK. Capital Advisors Ltd. LLC boosted its holdings in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the last quarter. Wahed Invest LLC grew its holdings in shares of Liberty Broadband by 14.2% in the first quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock worth $130,000 after acquiring an additional 281 shares during the period. GAMMA Investing LLC grew its holdings in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the period. DekaBank Deutsche Girozentrale increased its position in Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after acquiring an additional 302 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after acquiring an additional 388 shares during the period. Institutional investors own 80.22% of the company’s stock.

Insider Activity

In related news, 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 transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction 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 completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $86.62 on Wednesday. The business has a 50-day simple moving average of $79.59 and a two-hundred day simple moving average of $64.82. 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 52 week low of $46.46 and a 52 week high of $101.50. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 15.95 and a beta of 1.02.

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 the consensus estimate 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 return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the company posted $1.10 earnings per share. On average, analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Rosenblatt Securities boosted their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com started coverage on shares of Liberty Broadband in a research report on Wednesday, November 13th. They set a “sell” rating for the company.

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.