Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Update

Liberty Broadband Co. (NASDAQ:LBRDK) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 4,350,000 shares, an increase of 8.8% from the September 30th total of 4,000,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 4.3 days. Currently, 3.9% of the company’s stock are sold short.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in shares of Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after acquiring an additional 440 shares in the last quarter. GAMMA Investing LLC grew its position in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Beach Investment Counsel Inc. PA bought a new stake in Liberty Broadband during the 2nd quarter worth about $36,000. Finally, Mather Group LLC. lifted its position in Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after buying an additional 388 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Trading Up 1.5 %

Shares of LBRDK stock traded up $1.22 on Wednesday, reaching $81.62. 895,330 shares of the stock were exchanged, compared to its average volume of 1,148,134. The stock has a 50 day moving average price of $70.61 and a 200 day moving average price of $60.39. The stock has a market cap of $11.66 billion, a PE ratio of 13.65 and a beta of 1.03. Liberty Broadband has a one year low of $46.46 and a one year high of $87.54. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same period in the previous year, the business posted $1.71 earnings per share. Equities research analysts forecast that Liberty Broadband will post 8.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.