Isomer Partners LP Takes $20.10 Million Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Isomer Partners LP purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 260,000 shares of the company’s stock, valued at approximately $20,095,000. Liberty Broadband makes up about 21.6% of Isomer Partners LP’s investment portfolio, making the stock its 2nd largest holding.

Other institutional investors have also modified their holdings of the company. Hi Line Capital Management LLC boosted its position in Liberty Broadband by 498.4% in the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after buying an additional 117,483 shares during the period. Bank of Montreal Can grew its position in shares of Liberty Broadband by 172.6% during the second quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock worth $14,173,000 after buying an additional 163,502 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Liberty Broadband during the third quarter worth approximately $861,000. Commonwealth Equity Services LLC acquired a new stake in Liberty Broadband in the second quarter valued at approximately $602,000. Finally, Logan Stone Capital LLC lifted its stake in Liberty Broadband by 1,134.1% in the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company’s stock worth $6,932,000 after acquiring an additional 116,197 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the company’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 sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by insiders.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $85.70 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The firm’s 50 day moving average is $81.65 and its two-hundred day moving average is $65.79. The firm has a market capitalization of $12.24 billion, a P/E ratio of 15.78 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, November 7th. The company reported $0.99 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 during the quarter, compared to analysts’ expectations of $237.41 million. During the same period last year, the business earned $1.10 earnings per share. Research analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LBRDK shares. Rosenblatt Securities raised their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. StockNews.com assumed coverage on Liberty Broadband in a report on Thursday, November 21st. They issued a “sell” rating on the 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.