Liberty Broadband Co. (NASDAQ:LBRDA) Short Interest Down 8.7% in October

Liberty Broadband Co. (NASDAQ:LBRDA) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 328,200 shares, a decrease of 8.7% from the September 30th total of 359,400 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily volume of 145,800 shares, the short-interest ratio is currently 2.3 days.

Insider Transactions at Liberty Broadband

In related news, 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 completion of the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Brian J. Wendling sold 2,208 shares of the business’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 value of $167,454.72. Following the completion of the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.19% of the company’s stock.

Institutional Trading of Liberty Broadband

A number of large investors have recently made changes to their positions in LBRDA. Signaturefd LLC grew its stake in Liberty Broadband by 9.1% in the third quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock valued at $163,000 after acquiring an additional 177 shares during the period. Bfsg LLC increased its stake in Liberty Broadband by 11.1% during the 2nd quarter. Bfsg LLC now owns 3,340 shares of the company’s stock worth $182,000 after purchasing an additional 335 shares in the last quarter. GAMMA Investing LLC raised its holdings in Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after buying an additional 390 shares during the period. American National Bank & Trust acquired a new stake in Liberty Broadband during the 3rd quarter worth approximately $32,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Liberty Broadband by 6.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,838 shares of the company’s stock valued at $505,000 after buying an additional 540 shares in the last quarter. Institutional investors own 10.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on LBRDA shares. Citigroup lowered Liberty Broadband from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $67.00 to $57.00 in a research report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th.

Liberty Broadband Price Performance

Shares of LBRDA opened at $81.11 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The stock has a market cap of $11.59 billion, a P/E ratio of 13.77 and a beta of 1.06. The stock’s 50-day moving average price is $70.23 and its two-hundred day moving average price is $60.13. Liberty Broadband has a 1 year low of $47.17 and a 1 year high of $87.49.

Liberty Broadband (NASDAQ:LBRDA) last issued 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 $3.12 by ($1.76). The firm had revenue of $246.00 million for the quarter. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same period in the prior year, the company posted $1.71 EPS.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.