S&CO Inc. Sells 969 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

S&CO Inc. lowered its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,061 shares of the company’s stock after selling 969 shares during the period. S&CO Inc. owned about 0.13% of Liberty Broadband worth $13,994,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LBRDK. Versant Capital Management Inc increased 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 purchasing an additional 440 shares during the last quarter. GAMMA Investing LLC grew its holdings in Liberty Broadband by 200.7% during 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 during the period. Capital Advisors Ltd. LLC increased its position 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 buying an additional 191 shares during the last quarter. Beach Investment Counsel Inc. PA purchased a new stake in Liberty Broadband in the second quarter worth $36,000. Finally, Mather Group LLC. raised its stake in shares of 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 buying an additional 388 shares during the period. Institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

LBRDK has been the subject of several research reports. StockNews.com assumed coverage on Liberty Broadband in a research note on Wednesday. They set a “sell” rating for the company. Rosenblatt Securities increased their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Trading Down 1.6 %

NASDAQ:LBRDK opened at $88.32 on Friday. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The stock’s fifty day moving average price is $78.50 and its two-hundred day moving average price is $64.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $12.62 billion, a P/E ratio of 16.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. As a group, analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insider Activity

In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The stock was 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 of the company’s stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the business’s 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 transaction, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

About Liberty Broadband

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.