Stifel Financial Corp Buys 1,409 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Stifel Financial Corp lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 1.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 94,461 shares of the company’s stock after purchasing an additional 1,409 shares during the quarter. Stifel Financial Corp’s holdings in Liberty Broadband were worth $7,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Liberty Broadband by 0.5% in 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 period. Capital Advisors Ltd. LLC boosted its holdings in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares during the period. Quarry LP purchased a new position in shares of Liberty Broadband in the 3rd quarter worth approximately $28,000. Finally, KBC Group NV boosted its holdings in shares of Liberty Broadband by 6.9% in the 3rd quarter. KBC Group NV now owns 5,893 shares of the company’s stock worth $455,000 after purchasing an additional 382 shares during the period. Institutional investors own 80.22% of the company’s stock.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction on Wednesday, September 25th. The stock was 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 $280,975.20. The trade was 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 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 sale, 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. Insiders sold a total of 6,673 shares of company stock valued at $509,688 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Liberty Broadband in a report on Saturday, December 7th. They issued a “sell” rating for the company.

Liberty Broadband Price Performance

Shares of LBRDK stock opened at $82.38 on Friday. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $11.77 billion, a P/E ratio of 15.17 and a beta of 1.02. The stock has a 50 day moving average price of $85.11 and a 200 day moving average price of $68.65.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly 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 return on equity of 8.45% and a net margin of 78.07%. The business 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 business posted $1.10 earnings per share. As a group, sell-side analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

About Liberty Broadband

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.