Sendero Wealth Management LLC Buys 2,225 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Sendero Wealth Management LLC raised its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.3% in the fourth quarter, HoldingsChannel reports. The fund owned 53,892 shares of the company’s stock after acquiring an additional 2,225 shares during the period. Sendero Wealth Management LLC’s holdings in Liberty Broadband were worth $4,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in LBRDK. The Manufacturers Life Insurance Company lifted its holdings in Liberty Broadband by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after purchasing an additional 125 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares in the last quarter. GAMMA Investing LLC increased its position in Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after buying an additional 283 shares during the period. Groupama Asset Managment acquired a new stake in shares of Liberty Broadband during the third quarter worth $25,000. Finally, Quarry LP acquired a new stake in shares of Liberty Broadband during the third quarter worth $28,000. Institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Thursday. They set a “sell” rating on the stock.

Liberty Broadband Stock Up 0.6 %

NASDAQ LBRDK opened at $75.98 on Thursday. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The business has a fifty day moving average price of $82.84 and a two-hundred day moving average price of $72.68. 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 stock has a market capitalization of $10.85 billion, a PE ratio of 13.99 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (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 business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the firm earned $1.10 EPS. Equities analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 196,542 shares of company stock valued at $15,834,108 in the last quarter. Insiders own 10.80% of the company’s stock.

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.