Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC lessened its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,548 shares of the company’s stock after selling 13,169 shares during the quarter. Liberty Broadband comprises about 2.1% of Cheviot Value Management LLC’s investment portfolio, making the stock its 17th biggest position. Cheviot Value Management LLC owned about 0.10% of Liberty Broadband worth $10,940,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of LBRDK. Comerica Bank boosted its position in Liberty Broadband by 33.4% during the first quarter. Comerica Bank now owns 26,011 shares of the company’s stock worth $1,489,000 after acquiring an additional 6,511 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Liberty Broadband by 1.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after buying an additional 302 shares during the period. Versant Capital Management Inc lifted its holdings 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 acquiring an additional 440 shares during the period. Mather Group LLC. boosted its position in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares during the last quarter. Finally, CWM LLC grew its holdings in Liberty Broadband by 163.7% in the second quarter. CWM LLC now owns 2,255 shares of the company’s stock valued at $124,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com started coverage on shares of Liberty Broadband in a report on Friday. They issued a “sell” rating on the stock. Rosenblatt Securities boosted their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

Insider Activity at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband Price Performance

LBRDK opened at $85.14 on Monday. The company has a 50 day moving average of $83.52 and a two-hundred day moving average of $66.68. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $12.16 billion, a P/E ratio of 15.68 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results 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). The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the prior year, the company posted $1.10 earnings per share. On average, analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

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.