Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 7.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,962 shares of the company’s stock after acquiring an additional 798 shares during the period. Metis Global Partners LLC’s holdings in Liberty Broadband were worth $883,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Liberty Broadband by 179.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company’s stock worth $107,547,000 after acquiring an additional 857,187 shares during the period. Northern Trust Corp lifted its stake in Liberty Broadband by 4.2% in the 3rd quarter. Northern Trust Corp now owns 875,562 shares of the company’s stock valued at $79,956,000 after buying an additional 35,370 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in Liberty Broadband by 84.3% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,906 shares of the company’s stock worth $1,282,000 after buying an additional 7,276 shares during the last quarter. Royal Bank of Canada increased its stake in Liberty Broadband by 10.0% during the 3rd quarter. Royal Bank of Canada now owns 629,539 shares of the company’s stock worth $57,490,000 after buying an additional 57,454 shares in the last quarter. Finally, Barclays PLC increased its stake in Liberty Broadband by 315.0% during the 3rd quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock worth $244,364,000 after buying an additional 2,031,168 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Trading Down 2.6 %

Shares of LBRDK opened at $51.48 on Friday. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $95.68. The firm has a market capitalization of $7.36 billion, a P/E ratio of 11.02 and a beta of 0.97. The firm has a 50-day moving average price of $53.60 and a 200 day moving average price of $68.48. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($1.23). The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. Sell-side analysts forecast that Liberty Broadband Co. will post 10.14 EPS for the current year.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the completion of the transaction, the director now directly owns 97,332 shares in the company, valued at approximately $5,528,457.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 45,000 shares of company stock worth $2,435,830. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price target on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

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.