LMR Partners LLP Grows Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

LMR Partners LLP increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 949.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,452 shares of the company’s stock after buying an additional 113,500 shares during the quarter. LMR Partners LLP owned about 0.09% of Liberty Broadband worth $9,696,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Seizert Capital Partners LLC raised its position in Liberty Broadband by 20.4% in the third quarter. Seizert Capital Partners LLC now owns 143,768 shares of the company’s stock valued at $11,112,000 after purchasing an additional 24,315 shares during the period. Schneider Downs Wealth Management Advisors LP purchased a new stake in Liberty Broadband in the third quarter valued at approximately $209,000. CIBC Asset Management Inc purchased a new stake in Liberty Broadband in the third quarter valued at approximately $275,000. KBC Group NV raised its position in Liberty Broadband by 6.9% in the third quarter. KBC Group NV now owns 5,893 shares of the company’s stock valued at $455,000 after purchasing an additional 382 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in Liberty Broadband by 2.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 40,621 shares of the company’s stock valued at $3,140,000 after purchasing an additional 1,052 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

NASDAQ LBRDK opened at $88.32 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The company has a market capitalization of $12.62 billion, a PE ratio of 16.27 and a beta of 1.02. The company has a fifty day moving average of $78.50 and a two-hundred day moving average of $64.32.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the prior year, the company earned $1.10 EPS. As a group, analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com assumed coverage on Liberty Broadband in a research report on Wednesday, November 13th. They issued a “sell” rating on the stock. Rosenblatt Securities upped their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Insider Transactions at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 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. The trade was a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

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.