Holocene Advisors LP Increases Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Holocene Advisors LP increased its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 166.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,528 shares of the company’s stock after buying an additional 185,798 shares during the period. Holocene Advisors LP’s holdings in Liberty Broadband were worth $22,996,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hi Line Capital Management LLC increased its position in Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after buying an additional 117,483 shares in the last quarter. Bank of Montreal Can boosted its stake 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 valued at $14,173,000 after acquiring an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Liberty Broadband during the 3rd quarter worth about $861,000. Commonwealth Equity Services LLC acquired a new position in Liberty Broadband in the 2nd quarter valued at about $602,000. Finally, Logan Stone Capital LLC lifted its holdings in Liberty Broadband by 1,134.1% in the 2nd quarter. Logan Stone Capital LLC now owns 126,443 shares of the company’s stock valued at $6,932,000 after purchasing an additional 116,197 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Down 0.6 %

LBRDK opened at $84.61 on Tuesday. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The business has a 50-day moving average of $83.99 and a two-hundred day moving average of $66.89. 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 $12.09 billion, a price-to-earnings ratio of 15.58 and a beta of 1.02.

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 company had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. On average, research analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Insider Activity

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the business’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 transaction of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now 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. Insiders sold 6,673 shares of company stock valued at $509,688 in the last ninety days. Company 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.