Barclays PLC Has $533.25 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Barclays PLC increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,899,331 shares of the company’s stock after purchasing an additional 415,496 shares during the quarter. Barclays PLC’s holdings in Liberty Broadband were worth $533,251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of Liberty Broadband by 163.7% during the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after purchasing an additional 1,400 shares during the last quarter. SG Americas Securities LLC increased its holdings in Liberty Broadband by 14.4% during the second quarter. SG Americas Securities LLC now owns 76,589 shares of the company’s stock worth $4,199,000 after buying an additional 9,619 shares during the last quarter. Red Door Wealth Management LLC raised its position in Liberty Broadband by 95.8% during the second quarter. Red Door Wealth Management LLC now owns 7,971 shares of the company’s stock worth $437,000 after acquiring an additional 3,900 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in Liberty Broadband in the second quarter valued at $839,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Liberty Broadband by 426.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock valued at $76,587,000 after acquiring an additional 1,131,743 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com started coverage on shares of Liberty Broadband in a report on Saturday. 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 company a “buy” rating in a research note on Wednesday, August 14th.

Insider Buying and Selling

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,673 shares of company stock valued at $509,688. Insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

Shares of LBRDK opened at $86.50 on Monday. The company’s 50-day moving average is $84.80 and its 200-day moving average is $67.84. 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 firm has a market capitalization of $12.36 billion, a PE ratio of 15.93 and a beta of 1.02. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share 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 the consensus estimate of $237.41 million. During the same period in the prior year, the company earned $1.10 earnings per share. Equities analysts forecast that Liberty Broadband Co. will post 6.72 EPS 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.