Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 27.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,347,706 shares of the company’s stock after selling 514,926 shares during the period. Liberty Broadband makes up 1.6% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 10th largest position. Thompson Siegel & Walmsley LLC owned 0.94% of Liberty Broadband worth $104,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LBRDK. Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after buying an additional 1,502,249 shares during the period. Whitebox Advisors LLC grew its position in Liberty Broadband by 29.5% in the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after acquiring an additional 677,785 shares in the last quarter. Millennium Management LLC increased its stake in Liberty Broadband by 67.4% during the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after purchasing an additional 415,619 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after purchasing an additional 330,159 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Liberty Broadband by 147.6% in the second quarter. Natixis Advisors LLC now owns 425,921 shares of the company’s stock valued at $23,349,000 after purchasing an additional 253,884 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on LBRDK. Rosenblatt Securities upped their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. StockNews.com began coverage on Liberty Broadband in a research report on Thursday. They set a “sell” rating on the stock.

Liberty Broadband Stock Up 1.1 %

LBRDK stock opened at $87.56 on Thursday. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company’s 50 day moving average price is $80.15 and its 200 day moving average price is $64.98. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 16.13 and a beta of 1.02.

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

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction 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. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 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 position. The disclosure for this sale can be found here. 10.80% of the stock is owned by insiders.

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.