Oppenheimer Asset Management Inc. Has $3.14 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,621 shares of the company’s stock after purchasing an additional 1,052 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Liberty Broadband were worth $3,140,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC increased its stake in Liberty Broadband by 45.6% in the third quarter. Venturi Wealth Management LLC now owns 4,242 shares of the company’s stock valued at $328,000 after acquiring an additional 1,328 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Liberty Broadband during the third quarter worth $254,000. Forum Financial Management LP acquired a new position in shares of Liberty Broadband during the third quarter worth $215,000. Palliser Capital UK Ltd lifted its holdings in Liberty Broadband by 69.1% in the third quarter. Palliser Capital UK Ltd now owns 480,192 shares of the company’s stock valued at $37,114,000 after buying an additional 196,268 shares during the period. Finally, Hi Line Capital Management LLC lifted its holdings in Liberty Broadband by 498.4% in the third 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. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Trading Down 1.6 %

NASDAQ:LBRDK opened at $88.32 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The firm has a 50-day moving average price of $77.94 and a two-hundred day moving average price of $63.86. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 16.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share 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 for 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. On average, equities analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LBRDK. Morgan Stanley lifted their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Wednesday. They set a “sell” rating for the company. Finally, Rosenblatt Securities boosted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

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.